Question

The uncertainty associated with decision making is referred to as:

A. opportunity cost.
B. selection of alternatives.
C. financial goals.
D. risk.

Answer 1

The uncertainty associated with decision making is referred to as D) risk, based on the compatibility to the sentence. The term risk determines the possibility of an occurring difference between the actual and expected situation. This term also usually associated with the uncertainty of decision making. Thus, "risk" is the most suitable answer.