1) Define risk in regards to the 'uncertainty' about future gains?
2) Do you think there is a difference between managing and minimizing risk? Why?© BrainMass Inc. brainmass.com October 9, 2019, 5:36 pm ad1c9bdddf
Risks with regards to uncertainty about future gains can be defined as risks pertaining to over/under allocation of resources such as financial resources (capital investments), human resources(hiring of employees), risks with respect to strategic and marketing plans, etc. Since future is uncertain, companies run through huge ...
Risk in regards to the 'uncertainty' about future gains is discussed in the solution.