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Decision trees?

Forums › ACCA Forums › ACCA FM Financial Management Forums › Decision trees?

  • This topic has 2 replies, 3 voices, and was last updated 14 years ago by nagdam.
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  • December 7, 2010 at 7:44 pm #46741
    karenlaing
    Member
    • Topics: 40
    • Replies: 36
    • ☆☆

    What is meant by this in the context of uncertainty & risk?

    December 7, 2010 at 8:02 pm #73303
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 44
    • ☆

    Simply put .. risk can be controlled .. Example business can decide to accept a Project or reject it
    Uncertainty can not be controlled…. Example ; such as inflation can not be be controlled ….
    in a business

    December 8, 2010 at 7:25 am #73304
    nagdam
    Member
    • Topics: 1
    • Replies: 23
    • ☆

    Also risk is quantifiable and uncertainty is unquantifiable.

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