__________ environments exist when decision makers lack complete certainty regarding the outcomes of various courses of action, but they are aware of the probabilities associated with their occurrence.
A) Jeopardy
B) Hazard
C) Risk
D) Assured
E) Uncertain

Question

Quizplus · Accepted Answer

The term "risk" refers to situations where decision makers are not certain of the outcomes of different courses of action but are aware of the probabilities associated with their occurrence.

__________ Environments Exist When Decision Makers Lack Complete Certainty Regarding