What are the differences among risk, uncertainty, and ignorance? Into which category of decision situation do most business decisions fall?
Risk is the condition when all the possible states of nature and their associated probabilities are known. Uncertainty is the condition when the possible states of nature are known, but the exact probabilities for the states of nature are not known. Ignorance is the condition in which neither the possible states of nature nor any of the associated probabilities are known. Most business decisions are made under conditions of uncertainty.
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The two tasks in demand and supply management phase are ______.
A. demand forecasting and production planning B. sales forecasting and order planning C. sales forecasting and production planning D. revenue forecasting and production planning
On June 1, Delaware Co. had one unit in beginning inventory that cost $10.00. During June, Delaware paid cash to purchase two additional inventory items. Delaware purchased the first item for cash at a cost of $10.00, and the second at a cost of $12.00. Delaware Co. sold two inventory items for $24.00 each, receiving cash. Based on this information alone, indicate whether each of the following items is true or false. ________ a) The amount of ending inventory will be $10 assuming the LIFO cost flow method was used. ________ b) Cost of goods sold would be $24 assuming the weighted-average cost flow method was used. ________ c) Cash flow from operating activities in June would be $28 assuming a FIFO cost flow method was used. ________ d) Cash flow from operating activities in June would
be $26 independent of what cost flow method was used. ________ e) The amount of gross margin would be $26 assuming the FIFO cost flow method was used. What will be an ideal response?
What roles do institutional forces play in HRM change?
What will be an ideal response?
Why do arbitrage profits rarely exist in interest rate swap pricing?
What will be an ideal response?