Question

Which of the following statements is true?
a. The more information a manager has, the less risk there is when making
a decision.
b. Most managers make decisions without any information.
c. When the amount of information is low, there is less risk.
d. Risk improves decision making.
e. The more information a manager has, the more risk there is when making
a decision.
5:42 PM

Answer 1

Answer:

The correct answer is A. The more information a manager has, the less risk there is when making a decision.

Explanation:

In the decision-making process that occurs in any business structure, it is essential that those responsible for making these decisions have the appropriate information in order to make the most convenient decisions for the company. Thus, those in charge of this task carry out market research prior to making relevant decisions, in order to avoid making mistakes that could lead to the company losing money due to an erroneous decision.