For _____, managers must take into account the risk associated with making the wrong decision.
A) recurrent payoffs
B) expected payoffs
C) one-time decisions
D) repeated decisions

Question

Quizplus · Accepted Answer

Managers must carefully consider the risk associated with one-time decisions because there is no opportunity to correct mistakes or adjust strategies over time. Recurrent payoffs and expected payoffs refer to decision-making in situations where there are multiple opportunities to adjust strategies and outcomes can be predicted with greater accuracy. Repeated decisions refer to decision-making in situations where it is important to learn from past performance and adjust strategies over time.

For _____, Managers Must Take into Account the Risk Associated