Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
10th Edition
ISBN: 9780134237473
Author: Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher: PEARSON
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Chapter 4, Problem 7DQ
Summary Introduction

To determine:

How a manager might deal with making decisions under conditions of uncertainty.

Concept Introduction:

The decision-maker when knows with reasonable certainty what all the alternatives are available and all the kinds of conditions associated with each alternative and the result of each alternative, than we say that a condition of certainty exists. The opposite of this condition is the condition of uncertainty. Thus, under condition of uncertainty, accurate, reliable and measurable information on which to base decisions is not available.

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