Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. discuss the differences between decision making un

Discuss the differences between decision making under certainty, under risk, and under uncertainty.

60.1K

Verified Solution

Question

General Management

Discuss the differences between decision making under certainty,under risk, and under uncertainty.

Answer & Explanation Solved by verified expert
3.7 Ratings (574 Votes)
Decision making under certainty the decision under certainty exists when the decisionmaker knows with logical certainty what the alternatives are what conditions are associated    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

National Business Machine Co. (NBM) has $4.3 million of extra cash after taxes have been paid....

Finance
Q

What happens in transcription and translation when a gene under goes mutation?

Biology
Q

Describe a workplace you are familiar with. For each type of hazard, describe an example of...

Civil Engineering
Q

300 deliveries 1. If you are unable to change the standard deviation of the delivery time, what...

General Management
Q

2 Which solute did not appear in the filtrate using any of the membranes Explain...

Biology
Q

7e x x 6x 7

Basic Math
Q

At constant acceleration from rest, the distance traveled by a racecar is (directly) proportional to...

Basic Math
Q

help 2 Required Information The Foundational 15 (Algo) [LO14-2, L014-3,...

Accounting
Q

QUESTION7 Incorrect Mark 0.00 out of 5.00 P Flag...

Accounting
Q

Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its...

Accounting
Q

Cash Payback Period Wyoming Woodworks is evaluating two capital investment proposals for a retail outlet...

Accounting
Q

Just answer question 7 and 8. The following information relates to Questions 1-8...

Finance