jaylinperez9216 jaylinperez9216

06-08-2020
Business

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In decision making under ________, there are several possible outcomes for each alternative, and the decision maker knows the probability of occurrence of each outcome

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topeadeniran2 topeadeniran2

06-08-2020

Answer: risk

Explanation:

In the decision making under risk, there are several possible outcomes for each alternative, and the decision maker knows the probability of occurrence of each outcome.

Unlike in uncertainties whereby the decision maker won't know the probability of the occurrence of the outcomes, in risk, one is aware.

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