Under Conditions of _________,Lack of Information or Knowledge Makes the Outcome

question 90

Multiple Choice

Under conditions of _________,lack of information or knowledge makes the outcome of each alternative unpredictable.

• A)Risk
• B)Uncertainty
• C)Predictability
• D)Certainty

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Definitions:

Email Communication

The use of electronic mail for exchanging messages, documents, or information, which can have legal significance, especially in business transactions.

Web-Based Communication

The exchange of information through internet-based platforms, including email, instant messaging, social media, and websites.

Acceptance

In contract law, the act of agreeing to an offer's terms, thereby creating a binding contract.

Recourse

The legal right to demand compensation or correction from a person or entity that has not fulfilled their obligations.