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  2. Topic
    Business
  3. Study Set
    Managerial Economics Foundations
  4. Exam
    Exam 15: Decisions Under Risk and Uncertainty
  5. Question
    A Manager Can List All Outcomes and Assign Probabilities to Each
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A Manager Can List All Outcomes and Assign Probabilities to Each

Question 3

Question 3

Multiple Choice

a manager can list all outcomes and assign probabilities to each


A) uncertainty exists.
B) both risk and uncertainty exist.
C) risk exists.
D) the manager should use the minimax rule for making a decision.
E) b and d

Correct Answer:

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