In approximately 300 words, answer the question below. Use of proper APA formatting and citations is required. If supporting evidence from outside resources is used proper citation is required. Your

In approximately 300 words, answer the question below. 

Use of proper APA formatting and citations is required. 

If supporting evidence from outside resources is used proper citation is required. Your submission should largely consist of your own thoughts and ideas but may be supported by citations and references. 

Question: Elaborate on a scenario when it would be acceptable to use the "wait and see" approach to manage risk.