Question

The success of an organization greatly depends on the decisions that managers make. What are the three decision-making conditions, which managers deal with, in analyzing decision alternatives?

• A. Certainty, Uncertainty, Risk
• B. Certainty, Uncertainty, Maximax
• C. Certainty, Minimax, Risk
• D. Maximax, Uncertainty, Risk

Answer 1

The correct option is A Certainty, Uncertainty, Risk

The success of an organization greatly depends on the decisions that managers make. Certainty, Uncertainty and risk are the three decision-making conditions, which managers deal with, in analyzing decision alternatives. These decision making conditions helps to achieve organizational goals and objectives.