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Question 3 ( 1 point ) A software firm is considering introducing a new product on the market. However, managers cannot estimate the probability of

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3 (1

point

)

A software firm is considering introducing a new product on the market. However, managers cannot estimate the probability of success for the new product. Which of the following best describes the situation?

Incomplete information

Uncertainty

Bounded rationality

Risk

Satisficing

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