Which of the Following Statements Is True in the Context

Multiple Choice

Which of the following statements is true in the context of decision making under a condition of uncertainty?

A) A decision maker greatly relies on intuition, judgment, and experience.
B) A decision maker clearly knows all the risks associated with alternatives to a problem.
C) A decision maker puts in least effort and uses a pre-determined structure for decision making.
D) A decision maker is able to estimate the payoffs and risks associated with alternatives.
E) A decision maker identifies only two alternatives to the decision situation.