certainty conditions

Under What Conditions Does A Manager Make Decisions?

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Under What Conditions Does A Manager Make Decisions? Generally, the decision maker makes decision under the condition of certainty, risk and uncertainty. There are three conditions that managers may face as they make decisions. They are (1) Certainty, (2) Risk, and (3) Uncertainty. What is an occurrence or a situation over which the decision maker

What Is Certainty Uncertainty And Risk?

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What Is Certainty Uncertainty And Risk? Risk can be understood as the potential of loss. It is not exactly same as uncertainty, which implies the absence of certainty of the outcome in a particular situation. … Conversely, uncertainty refers to a condition where you are not sure about the future outcomes. What is the difference