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Subjective and objective probability depends more on intuition and past experience

13. _____probability depends more on intuition and past experience than_____probability.
a.
Subjective; objective
b.
Objective; subjective
c.
Certainty; uncertainty
d.
none of these


ANS:  A                   

   14.   _____probability depends more on past records and facts than_____probability.
a.
Subjective; objective
b.
Objective; subjective
c.
Certainty; uncertainty
d.
none of these


ANS:  B                   

   15.   The likelihood that a decision will be implemented and that it will lead to the harm or benefit predicted is referred to as ______.
a.
probability
b.
temporal immediacy
c.
proximity
d.
risk


ANS:  D                       

   16.   Decision making under conditions of certainty _____.
a.
is a difficult situation for most leaders.
b.
is the exception for most leaders.
c.
is the norm for most leaders.
d.
causes excess stress for leaders involved.


ANS:    B