Question

Decision making situation can be categorized along a scale which ranges from

Answer 1

Heya friend

Decision making situation can be categorized along a scale which ranges from Certainty to risk to uncertainty to ambiguity.

i hope it helps

Answer 2

Answer:

Decision making situation can be categorized along a scale which ranges from certainty risk to uncertainty risk.  

Explanation:

In a market economy,  taking appropriate decisions is necessary, the results of decision may be certain and uncertain due to the depend upon of risk. Therefore, decisions are made under certain dealing with problems in a practical way rather than by following ideas or principles and a systematic way of situations where risk levied upon in every situation.

Uncertainty refers to the conditions where the chances of particular things is relatively less as compared to the level of certainty.

A person who make decision take scale which ranges from certainty to risk to uncertainty to ambiguity.  Person who take this decisions and make this scale ranges being certain depend on some risk factors, if they become uncertain.

Decision make get all the available information, which makes decision-makers get confused sometimes and not understanding something in certain situations too so it is difficult to make a decision.

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