A manager should be more confident of his assessment of a situation if it involves risk rather than uncertainty.

Question

Quizplus · Accepted Answer

When a situation involves risk, there is some level of predictability or probability involved, and the manager can use data and analysis to make a more informed assessment. However, in a situation of uncertainty, there may be limited or no data available, and the outcome is completely unpredictable, making it more difficult for a manager to assess the situation with confidence.

A Manager Should Be More Confident of His Assessment of a Situation