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MGMT303/MGMT 303 WEEK 2 DISCUSSION 1 Business Decisions

MGMT 303 WEEK 2 DISCUSSION 1 Business Decisions

Business Decisions

Managers, most business decisions are made under conditions of either risk or uncertainty. What is the difference between risk and uncertainty (please cite your sources)? In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty? Why? Give an example from your experiences to support your answer.

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Other / Other

27 Jul 2016

Answers (1)

Vikas

27 Jul 2016

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MGMT303/MGMT 303 WEEK 2 DISCUSSION 1 Business Decisions

A decision under uncertainty is when there are many unknowns and no possibility of knowing what coul ****** ******
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