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The Main Objectives of Risk Management Are to Increase the Probability

question 61

True/False

The main objectives of risk management are to increase the probability and impact of positive outcomes and decrease the probability and impact of negative outcomes.


Definitions:

Population

A population comprising individuals belonging to the same species, residing in a common location simultaneously, and able to reproduce among themselves.

Taxonomy

The science of classification, specifically the classification of living and extinct organisms into categories such as species, genus, family, etc.

Divine Plan

Divine Plan refers to a belief or doctrine that suggests the existence of a supernatural intention or guidance behind the events in the universe.

Carlos Linnaeus

A Swedish botanist, zoologist, and physician who laid the foundations for the modern scheme of taxonomy and is known as the father of modern taxonomy.

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