The notion of risk is inextricably linked to the notion of uncertainty.

Name: The notion of risk is inextricably linked to the notion of uncertainty.
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

Risk involves situations where the probabilities of outcomes are known or can be estimated, while uncertainty involves situations where these probabilities are unknown, making both concepts closely related as they deal with the unpredictability of future events.

The Notion of Risk Is Inextricably Linked to the Notion