risk and uncertainty? short answer
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Uncertainty is a condition where there is no knowledge about the future events. Risk can be measured and quantified, through theoretical models. ... The potential outcomes are known in risk, whereas in the case of uncertainty, the outcomes are unknown. Risk can be controlled if proper measures are taken to control it.
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here's ur answer dude
Explanation:
Uncertainty is a condition where there is no knowledge about the future events. Risk can be measured and quantified, through theoretical models. ... The potential outcomes are known in risk, whereas in the case of uncertainty, the outcomes are unknown. Risk can be controlled if proper measures are taken to control it.
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