The difference between uncertainty and volatility is that

a.volatility attempts to measure the level of uncertainty

b.uncertainty ascribes i.e., assigns a probability to the event or outcome; however volatility does not do it

c.there is no difference between uncertainty and volatility

d.uncertainty includes the confusion surrounding the frequency of change, number of environmental elements, and the degree of interrelatedness of the elements

e.uncertainty does not ascribe i.e., assign a probability to the event or outcome; however volatility does it