The Key to Making Effective Decisions Under Conditions of Risk

Multiple Choice

The key to making effective decisions under conditions of risk is to

A) recognize that information is not available and approach the situation intuitively.
B) determine the probabilities associated with each alternative as accurately as possible.
C) develop a rational system for ordering your choices in a hierarchy of importance.
D) recognize that you do not know all of the alternatives related to the decision.
E) identify the alternative(s) with completely predictable outcomes.