In the context of managerial decision making, when one can estimate the likelihood of various consequences but still does not know with certainty what will happen, one is facing _____.
A) certainty
B) maximization
C) risk
D) optimization
E) framing effects

Question

Quizplus · Accepted Answer

When you can estimate the likelihood of various consequences but still do not know with certainty what will happen, you are facing risk.

In the Context of Managerial Decision Making, When One Can