The greater the risk involves in making a decision, the greater the:

Related MCQs

• For decision making under uncertainty, identify the decision rule that is appropriate for the optimist.
• What decision-making condition must exist for the decision tree to be a valuable tool?
• When a manger made a decision and he is uncertain about the outcomes His decision is likely to be:
• If a decision theory problem has 3 decision alternatives and 4 states of nature, the number of payoffs in that problem will be
• Management Principles increase managerial efficiency as manager leave routine decision making to his subordinates and deal with expectional situations which require his expertise by following the Principles of delegation. Which Does the above case signify about management?
• The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called __________
• __________ is the decision making body of an organization?
• Higher management levels retains decision-making authority in organisation is said to be
• Selecting an alternative in the decision-making process is accomplished by option:
• Which of the following is a function of how much decision-making authority is pushed down to lower levels in the organization?