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MGMT303/MGMT 303 WEEK 2 DISCUSSION 1 Business Decisions

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MGMT 303 WEEK 2 DISCUSSION 1 Business Decisions Business Decisions Managers, most business decisions are made under conditions of either risk or uncertainty. What is the difference between risk and uncertainty (please cite your sources)? In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty? Why? Give an example from your experiences to support your answer.

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