In a Matrix of Transition Probabilities

question 37

Multiple Choice

In a matrix of transition probabilities

• A)the probabilities for any column will sum to 1.
• B)the probabilities for any row will sum to 1.
• C)the probabilities for any column are mutually exclusive and collectively exhaustive.
• D)the probabilities of all columns will sum to 1.

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Definitions:

Triple Bottom Line

An accounting framework that incorporates three parts of sustainability: social, environmental, and financial performance.

Sustainable Development

Conducting business in a way that protects the natural environment while making economic progress.

Social Audits

Evaluations of an organization's social impact, policies, and practices, often concerning its contributions to social responsibility and ethical standards.

Environmental Scans

The process of gathering, analyzing, and dispending information for strategic purposes from the external and internal environments of an organization.