What Is the Difference Between Uncertainty and Risk

question 72

Multiple Choice

What is the difference between uncertainty and risk?

• A)Risk deals with people, uncertainty with events.
• B)Uncertainty deals with people, risk deals with events.
• C)Risk exists when the probability of a given event cannot be estimated, whereas uncertainty exists when the probability of a given event can be estimated.
• D)Uncertainty exists when the probability of a given event cannot be estimated, whereas risk exists when the probability of a given event can be estimated.
• E)b and d

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Definitions:

Reconstruction Plan

A strategy or proposal to rebuild and reform the Southern United States following the Civil War.

Andrew Johnson

The 17th President of the United States, serving from 1865 to 1869, known for his efforts to rebuild the South after the Civil War but facing impeachment for his policies.

Wealthy Southern Planters

Historically, affluent landowners in the Southern United States who relied heavily on slave labor for agricultural production.

Freedmen

Refers to former enslaved African Americans who were emancipated during and after the American Civil War.