The decision to hire a janitorial service,buy a fleet of sales vehicles,or hire a public relations expert are all examples of decisions made
A) with bounded rationality.
B) under risk.
C) under uncertainty.
D) with a satisficing result.
E) under certainty.

Question

Quizplus · Accepted Answer

The decision to hire a janitorial service, buy a fleet of sales vehicles, or hire a public relations expert all involve a high degree of uncertainty as these decisions involve future outcomes that cannot be predicted with accuracy. Therefore, decision making in such situations is made under uncertainty.

The Decision to Hire a Janitorial Service,buy a Fleet of Sales