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    Methods for Dealing with Uncertainty

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    Which method would you choose to use if you were dealing with conditions of uncertainty, and why?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:35 pm ad1c9bdddf

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    During uncertainty, it is best to err on the edge of caution. This would be the main strategy that a company should undertake.

    It would be best to gather information and increase the knowledge base of the company in order to pull themselves out of the uncertain situation. Knowledge is a key factor here, since it ...

    Solution Summary

    209 on how to handle uncertainties that could cost a lot if estimated wrong.