Step-by-step explanation:
Risk:
- Risks are predictable to some extent
- It is all about winning or loosing
- We can understand and we will be prepared about the loss
- We can make a decision depending on the loss whether to take the risk or not
Uncertainty:
- This cannot be predicted and even we cannot measure the loss
- We will not be prepared well in advance so it is a bigger challenge
- This can be handled with the knowledge of crisis management