In our model of decision making under different conditions, what is the difference between risk and uncertainty?

Related MCQs

• Which type of decision making process in effect involves no decision per se?
• The decision-making model consists of four styles: directive, analytic, behavioral and _______________.
• The decision making model which emphasises that organisations contain diverse interest groups who will bargain about goals and alternative actions, often with incomplete information is known as the…………
• Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits?
• A ______ organizational structure is the simplest form and has clear lines of authority and ease of decision making.
• ____________ reduces uncertainty
• When a manger made a decision and he is uncertain about the outcomes. His decision is likely to be:
• The ______________ style of leadership is where the focus of power is with the manager. The manager alone exercises decision-making, authority and the control of rewards or punishments.
• Which structure breaks down departmental barriers and decentralizes decision-making to the level of the work team?
• Which type of decision making is carried out by lower level management and deals with specific dayto-day processes?