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Define the Terms 'Certainty','uncertainty','risk' and 'Ambiguity

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Essay

Define the terms 'certainty','uncertainty','risk' and 'ambiguity'.


Definitions:

Unidimensionality

A Guttman scale consists of a single (low to high) dimension. It is also cumulative; that is, agreement with the highest-scoring item implies agreement with all lower-scoring items.

Bogus Pipeline Technique

A psychological technique used in social research to elicit honest responses from participants by falsely claiming the existence of a lie-detector-like mechanism.

Hierarchies

Systems or organizations in which members are ranked one above the other according to status or authority.

Free Market System

An economic system based on supply and demand with minimal government intervention, where prices for goods and services are determined freely by the open market.

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