Answer:
decision-
making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem.
risk and uncertainty is incorporated during the decision making.
risk is nothing but the situation involving exposure to danger.
Explanation:
a risk situation requires the use of probability estimates.
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Answers & Comments
Answer:
decision-
making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem.
risk and uncertainty is incorporated during the decision making.
risk is nothing but the situation involving exposure to danger.
Explanation:
a risk situation requires the use of probability estimates.