Quantitative technique such as expected value analysis can be used by which the expected payoff action can be mathematically determined. Under what kind decision-making condition this may used?

Certain

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Uncertain

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Risk

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None of the above

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Solution

The correct option is B Risk
There are several techniques when performing a qualitative risk analysis to determine the probability and impact of risks, including the following
Brainstorming, interviewing, Delphitechnique.
Historical data.
Strength, weakness, opportunity, and threatsanalysis(SWOTanalysis).
Riskrating scales.

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