Asked by
Lafluf Hytchye
on Oct 17, 2024Verified
____ refers to the tendency of an individual or team to make or avoid decisions in which the anticipated outcomes are unknown.
A) Limited search
B) Risk propensity
C) Escalating commitment
D) None of these
Risk Propensity
An individual's or organization's inclination or tendency to undertake actions that have uncertain outcomes, potentially involving loss or danger.
Anticipated Outcomes
Anticipated outcomes are the expected results or consequences of an action or decision.
- Understand the role of risk propensity in decision making.
Verified Answer
AM
Learning Objectives
- Understand the role of risk propensity in decision making.