” Risk is considered amenable to being quantified” (Putnam, Noland, 2022), “By contrast, uncertainty belongs to uncharted territory that is exceptionally difficult to quantify” (Putnam, Noland, 2022)

Instruction Details

” Risk is considered amenable to being quantified” (Putnam, Noland, 2022), “By contrast, uncertainty belongs to uncharted territory that is exceptionally difficult to quantify” (Putnam, Noland, 2022). Risk is the uncertainty of an event, however the chances of the event happening are calculated and predicted. For uncertainty, it is the uncertainty of an event happening that cannot be predicted or calculated.

The company I work for places various contingencies in place for uncertain and risk potential events. An example is, although an event that is uncertain and cannot be predicted is a natural disaster. Things like fire, hurricanes, etc., although they cannot be predicted, twice a month fire drill and mock evacuation ls are completed in case of this uncertain event. For risk, the more youth that out housed the more employees that are needed. Therefore, as more bed are opened, we can predict that overtime will be high for the following months. Which will stretch out substantially our budget.

Putnam, B., & Noland, E. (2022) The difference between risk & uncertainty in finance. Reuters. https://www.reuters.com/plus/the-difference-between-risk-and-uncertainty-in-finance

Please JUSTIFY or Agree/Disagree with the writer or Answer the Following in half page (SHORT NOTE). And please do mention if you are Justifying,Agreeing,Disagreeing or Answering the Following. Thanks 

The note should have intext citations. For example, anything with numbers or quotes per paragraph. The intent citation just needs to be the Author’s last name and year it was published. Please also include REFERENCES.

Thanks

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