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Risk is a dangerous choice that a person makes. An uncertainty is how someone feels about the decision.

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16y ago

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Different between certainty risk and uncertainty risk?

Different between certainty risk and uncertainty ris


What is the difference between uncertainty and risk?

Uncertainty refers to a lack of knowledge or information about a situation, while risk involves the possibility of harm or loss. Uncertainty is about not knowing what might happen, while risk is about the potential negative outcomes that could occur.


What is the difference between risk and uncertainty?

First of all that is improper grammar. Second, uncertainty is not knowing or being sure of something. Risk is either a cool board game or doing something dangerous. doing something dangerous is taking a risk.


Differences between pure risk and speculative risk?

pure risk is the a situation in which there is a possibility of loss or no loss while speculative risk thereeither profit or loss


The uncertainty associated with decision making is referred to as?

Risk


What is the difference between risk and ambiguity?

Risk is a possible danger. Ambiguity is something that is not clear. Something that is ambiguous may pose a risk, but the words are not the same.


What has the author Karl Henrik Borch written?

Karl Henrik Borch has written: 'The Economics of uncertainty' 'Risk and Uncertainty'


What terms refers to the uncertainty inherent in projections of future ROIC?

Business risk


Analysis of risk and uncertainty?

teri maa ki chut


What is risk and uncertainty?

Risk refers to the possibility of loss or harm occurring due to a particular action or event, with the likelihood of such outcomes being quantifiable. Uncertainty, on the other hand, involves situations where the range of possible outcomes is not known, making it difficult to assign probabilities to different outcomes. In essence, risk can be measured and managed, while uncertainty involves unpredictability and ambiguity.


What are synonyms for gamble?

risk, chance, venture, lottery, speculation, uncertainty


What is the difference between the traditional risk management and enterprise risk management?

The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.