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Consider and discuss the following hypothetical situation:

Jaipur Oil & Exploration decided to suspend all of its drilling activities off the coast of Sierra Leone, Africa because of new Ebola outbreaks. The strain has mutated since the 2013 outbreak and current treatments are proving ineffective. Which of the three risk classifications does this decision fall into? “Knowns, known-unknowns, or unknown-unknowns?”

Discuss the classifications, and feel free to bring in other examples from an Internet search that reflect corporate decisions, made in real life, that fall into one of the three risk categories.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93064176

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