Uncertainty refers to situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not known what is the reason behind of this ?

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04-08-2022
Business

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Uncertainty refers to situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not known what is the reason behind of this ?

Sagot :

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Tundexiidn Tundexiidn · Answer 1 · 2022-08-05T13:17:41-04:00

A risk is behind the uncertainty that means situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not know.

What is a risk?

This refers to the chance either high or low that any hazard will actually cause somebody harm.

For instance, the act of working alone away from your office can be a hazard and the risk of personal danger may be high.

It is true that uncertainty that means situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not know, but a risk is behind tne situation.

Sagot :

What is a risk?

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