Question

Under a condition of ____, there is no doubt about the factual basis of a decision and its outcomes. Select one: a. managed uncertainty b. minimal risk c. subjective risk d. uncertainty e. certainty

Answer 1

Answer: e. Certainly

Explanation: The condition of certainty is that where all possible results that can generate a decision are kept visible, this condition facilitates the moment of decision making and provides a manager with greater security of his actions.

Example: Company A is certain that the market has dropped 10% due to market studies that reveal that there has been a decline. However, company B did not carry out this investigation, which is why it is taken by surprise the situation.