A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as

A situation in which a decision maker knows all of the possible outcom

1.	A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as
A.	Certainty.
B.	Risk.
C.	Uncertainty.
D.	Strategy.
Answer» C. Uncertainty.

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A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as

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