________ refers to situations where the probability that a particular outcome will occur is not known in advance.
A) Uncertainty
B) Risk
C) Unrealistic optimism
D) Heuristics
E) Hazard

Question

Quizplus · Accepted Answer

Uncertainty refers to situations where the probability of a particular outcome is unknown and cannot be estimated, while risk refers to situations where the probability of a particular outcome is known but the actual outcome is still unknown. Unrealistic optimism, heuristics, and hazards are separate concepts from uncertainty and risk.

________ Refers to Situations Where the Probability That a Particular