David W. Conklin Uncertainty can't be eliminated from the business environment, but it can be managed by transforming it into Planned Uncertainty . * Hedging - to avoid a rigid commitment by qualifying or modifying a position so as to permit withdrawal: He felt that he was speaking too boldly and began to hedge before they could contradict him. * Contingency - dependence on chance or on the fulfillment of a condition; uncertainty; fortuitousness: Nothing was left to contingency. * Expropriation - to dispossess (a person) of ownership: The revolutionary government expropriated the landowners from their estates.