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Assertion (A): The risk condition exists when decision-makers have absolutely no idea of what the results of an implemented alternative would be.
Reason (R): When operating under complete uncertainty condition, decision-makers usually find that sound decisions are a matter of chance. In the context of the two statements, which one of the following is correct?

A. Both (A) and (R) are correct

B. Both (A) and (R) are incorrect

C. (A) is correct, but (R) is incorrect

D. (A) is incorrect, but (R) is correct

Answer: Option D


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Match List-I with List-II and select the correct answer:

List-I List-II
a. Modigliani Miller approach 1. Commercial papers
b. Net operating income approach 2. Working capital management
c. Short-term money market instrument 3. Capital structure
d. Factoring 4. Arbitrage

A. a-4, b-3, c-1, d-2

B. a-3, b-4, c-1, d-2

C. a-2, b-3, c-1, d-4

D. a-3, b-2, c-4, d-1