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What makes a business decision a risk rather than an uncertainty?
A
A risk has a measurable likelihood, while uncertainty cannot be estimated at all.
B
A risk has a large possible reward, while uncertainty has a small possible reward.
C
A risk is controlled by managers, while uncertainty is caused by competitors.
D
A risk has a guaranteed outcome, while uncertainty has several possible outcomes.
Card 1 of 24
2.6.2 Uncertainty and risk Flashcards
24 flashcards on AQA GCSE Business 2.6.2 Uncertainty and risk: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.