Principles of Management20795 marksDecision making under conditions of certainty and uncertaint
What do you mean by making decisions under conditions of uncertainty?
What do you mean by making decisions under conditions of uncertainty? [5]
Decision making under conditions of uncertainty refers to a situation where a manager must choose among alternative courses of action without knowing the probabilities of outcomes or even all the possible outcomes. The future is unclear, information is incomplete or unavailable, and the decision ...