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What are states of nature in the decision-making process? Select one: a. Outcomes in a decision making situation over which the decision maker has no

What are states of nature in the decision-making process?

Select one:

a. Outcomes in a decision making situation over which the decision maker has no control

b. Non-business factors in the environment in which the decision must be made

c. Factors that are discovered after a decision is made that could not have been anticipated

d. None of the others

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