Question: What is the difference between risk and uncertainty? Provide examples of what your organization has done, or not done, to deal with risk and uncertainty.

What is the difference between risk and uncertainty? Provide examples of what your organization has done, or not done, to deal with risk and uncertainty. How did those actions affect the firm once a contingency of risk or uncertainty materialized?

Detailed answers only please. I will not give a positive rating for vague or incomplete answers.

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