The Main Difference Between Risk and Uncertainty Is That with Risk

question 10

True/False

The main difference between risk and uncertainty is that with risk you know the probabilities of the outcomes.

---

Definitions:

Conflict of Interest

A situation where an individual's personal interests could improperly influence their professional duties and decisions.

Personal Interests

Activities, hobbies, or topics that an individual finds enjoyable or is passionate about.

Ethical Standards

Ethical Standards are the principles that govern the behavior of individuals and organizations, ensuring actions are conducted in a morally upright and fair manner.