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The uncertainty associated with decision making is referred to as:

A. opportunity cost.
B. selection of alternatives.
C. financial goals.
D. risk.

2 Answers

2 votes

the answer is D risk


User Personalt
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Answer: The answer is D: risk.

The uncertainty associated with decision making is referred to as risk.

Explanation: Risk refers to the probability or chances from outcome or return. It measures the uncertainty that an individual is willing to take to realize a gain from decision making. Risks originate as a result of uncertainty which arose from different factors that influence a situation or an investment. There are different types of risk which are: business risk, liquidity risk, insurance risk and so on.

User Kunal Nagpal
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