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Expected Benefits
The anticipated advantages or positive outcomes that are predicted to result from a particular action or policy.
Uncertain Environments
Conditions wherein the outcome of business operations is unpredictable due to changing external factors.
Informed Guessing
Making decisions or predictions based on available data and insights, even in the absence of complete information.
Risk Environment
An environment that lacks complete information but offers “probabilities” of the likely outcomes for possible action alternatives.
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