Answer:
True
Explanation:
<u>Decision making under certainty: </u>
It is the decision, maker known with reasonable certainty what the alternative and outcomes of each alternative, and outcomes of each alternative. Under the condition of certainty, accurate, measurable, and reliable information on that to base the decision is available.
<u>Decision making under risk: </u>
When a manager lacks perfect information or wherever an information asymmetry exists, the risk arises, Under a state of risk decision-maker has incomplete information about available alternatives but has a good idea of the probable outcomes of each alternative.
Well no one would be able to think for them self i gess
Answer:
decreasing its variable costs by at least 15%
Explanation:
<u>Big Bus Lines case study:-</u>
The firm has reduced the price of the ticket by 15%. There are a number of ways through which the firm, Big Bus lines can still profitable. The correct option is:-
<u>decreasing its variable costs by at least 15%</u>
<u>Variable costs:-</u>
They the costs which change as quantity of services or goods which are produced by the business changes. Variable costs are sum of the marginal costs over all the business' units produced.
<u>Thus, reducing the costs by same percentage can help the firm to remain profitable.</u>
Answer:
C. Congressional Budget Office
hope this helps!
Explanation: