Decision making under uncertainty where different outcomes are possible with different probabilities form the basis of risky decision making.
Before going any further, it is important to establish the distinction between risk and uncertainty because the two are frequently confused. We went into great detail about the distinctions between risk and uncertainty. Making Decisions in an Uncertain World Even though we are aware that outcomes are unpredictable, we don't try to give them probabilities.
The components of risky decision include:
A risk assessment process, determination of the likelihood and probability of a risk occurrence and its consequences (qualitatively and quantitatively), as well as risk characteristics and factors including its onset and duration, Risky decisions (prioritization, mitigation, and treatment), a risk representation system (risk matrix or heat map).
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Roy's chicken shack orders chicken from a standard food supplier, but the standard does not deliver. roy's will probably be unable to enforce the agreement if the parties <u>did not</u><u> specify</u><u> a</u><u> quantity</u><u> term.</u>
An agreement is a mutual expression of the agreement between two or more people. It is a meeting of minds for a common purpose, through offer and acceptance. Consent is expressed through words, actions, and even silence.
The act of reaching an agreement or mutual agreement. Agreed state. An agreement is accepted by all parties to a transaction. A contract or other document describing such an agreement. Consensus; Harmony of Feelings: Consensus among Faculty.
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Answer:
D) is correct.
Explanation:
If you break a project up, you will be able to complete sections as well as have motivation for the next section.
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A speech of praise or blame, celebration or thanksgiving, condemnation or mourning. 2 techniques:identification and magnification.
Answer:
Revenue/Income; Expenses
Explanation:Profit or Loss is determined as the difference between the revenue made by a business (also known as its income), and the expenses spent in the process of generating that revenue.
If the difference is positive, the outcome is a profit. If the difference is negative, the outcome is a loss.