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Question
If you are going to put Rs. 1,00,000 in a fixed deposit for a year at 10% rate of interest, then you know how much interest your money will earn. What kind of a decision-making condition is this?
If you are going to put Rs. 1,00,000 in a fixed deposit for a year at 10% rate of interest, then you know how much interest your money will earn. What kind of a decision-making condition is this?
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Solution
The correct option is A Certain
Managers take decisions on the basis of three conditions namely certainty, risk and uncertainty. The conditions of risk and uncertainty are applicable to the more complex and unstructured decisions by the managers at the top. Hence, it is a certain decision making to invest Rs. 100000 as a fixed deposit for 10% rate of interest because the interest amount is certain.Thus, the correct answer is A.
Managers take decisions on the basis of three conditions namely certainty, risk and uncertainty. The conditions of risk and uncertainty are applicable to the more complex and unstructured decisions by the managers at the top. Hence, it is a certain decision making to invest Rs. 100000 as a fixed deposit for 10% rate of interest because the interest amount is certain.
Thus, the correct answer is A.
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