All of the Following Are Strategies for Coping with Uncertainty

question 21

Multiple Choice

All of the following are strategies for coping with uncertainty, EXCEPT

• A)Substitution
• B)Prevention
• C)Absorption
• D)Forecasting
• E)None of these are strategies used to cope uncertainty.

---

Definitions:

Repetitive Focus

A manufacturing strategy that involves producing the same product or service repeatedly in order to achieve efficiency and consistency.

Profit (Or Loss)

The financial gain or loss realized by a business, calculated as the difference between revenue and expenses.

Highly Automated

Systems or processes that operate with a high level of automation, involving minimal human intervention and utilizing advanced technologies such as robotics and artificial intelligence.

Hand Labor

Work that is done manually by human workers, as opposed to being performed by machines or automated processes.