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Chapter 13. Economic Lens > Level of Uncertainty

Level of Uncertainty

Contrary to the image of a manager as a quick-on-the-draw gunslinger, some uncertainty often can be dispelled by delaying a decision as long as feasible. Use available time to consult multiple, independent sources. Debt repayment, for example, can be made more certain by running a credit check, requiring collateral, or securing a bank letter-of-credit. What ideas can you think of for reducing uncertainty about a specific issue you are exploring?

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