17.0k views
3 votes
What is an occurrence or a situation over which the decision

maker has little or no​ control?
A. state of nature
B. chance event
C.unactionable event

User Jschreiner
by
7.4k points

1 Answer

3 votes

Answer:

What is an occurrence or a situation over which the decision maker has little or no​ control?

A. state of nature

B. chance event

C. unactionable event

Step-by-step explanation:

  • Choice A is the best answer. A state-of-nature event is an occurrence or a situation over which the decision-maker has little or no control. An example of this could be a family planning a birthday party only for there to be a thunderstorm the day of the party.
  • Choice B is incorrect. A chance event is any event that happens by chance or without any apparent cause. It is also known as "luck". For example, a student does not complete their homework only for their professor to call out sick.
  • Choice C is incorrect. An unactionable event is when a problem is created or arises, but no solution is presented for it because all possibilities were not considered. For example, a teacher creates an online question bank. The question bank runs smoothly until the teacher realizes the possibility of students plagiarizing.
User CShark
by
8.2k points