Risk generally means that the problem and the alternative solutions fall somewhere between the extremes of being unknown and ambiguous.

Name: Risk generally means that the problem and the alternative solutions fall somewhere between the extremes of being unknown and ambiguous.
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Question

Quizplus · Accepted Answer

Risk generally refers to situations where the probabilities of different outcomes are known, whereas ambiguity involves uncertainty about these probabilities.

Risk Generally Means That the Problem and the Alternative Solutions