This topic contains a solution. Click here to go to the answer

Author Question: Under which decision-making conditions are managers operating when they use payoff matrices or ... (Read 83 times)

joe

  • Hero Member
  • *****
  • Posts: 627

Under which decision-making conditions are managers operating when they use payoff
  matrices or decision trees to reach their decisions?


 
 

a. Certainty
  b. Uncertainty
  c. Probability
  d. Rationality
  e. Risk



Question 2

In which of the following decision-making conditions is the decision maker aware of all the
  alternatives and able to assign probabilities to the costs and payoffs of each alternative?


 
 

a. Certainty
  b. Uncertainty
  c. Risk
  d. Rationality
  e. Probability




Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

E

Answer to Question 2

C




fffftttt

  • Sr. Member
  • ****
  • Posts: 322

 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library