Decision making when the manager understands the available ...

[Ebrown]

Decision making when the manager understands the available options but the probabilities
  associated with each option are uncertain is known as

 
 

a. decision making under risk.
  b. decision making under uncertainty.
  c. decision making under certainty.
  d. the rational model of decision making.
  e. none of these.

Question 2

A manager is deciding how to invest liquid funds. The organizations banks can describe
  various options available for investment, each of which may have a guaranteed rate of
  return. This is an example of

 
 

a. decision making under risk.
  b. decision making under uncertainty.
  c. decision making under certainty.
  d. bounded rationality.
  e. satisficing.

[wuly]

Answer to Question 1

A

Answer to Question 2

C

[Ebrown]

Excellent

[komodo7]

TYSM