Risk Is

question 93

Multiple Choice

Risk is

• A)different than uncertainty in that the probability of an uncertain event can be estimated whereas the probability of a risky event cannot be.
• B)the source of all economic rent.
• C)considered a major factor in the theory of profit that emphasizes the entrepreneur as innovator.
• D)equal to the probability that an event will occur divided by the probability that the event will not occur.
• E)none of the above

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Definitions:

Person-Role Conflict

A form of role conflict where an individual's personal values or beliefs are in conflict with the expectations of their role.

Task Force

A temporary group of people formed to accomplish a specific objective, with a finite end to its endeavors upon achievement of its goals.

Role Ambiguity

The uncertainty employees face when they have unclear job responsibilities, objectives, or expectations from their superiors.

Absenteeism

The habitual non-presence of an employee at their job, which can affect productivity and team dynamics.