Actions to Lower the Probability of a Bad Outcome ________

question 73

Multiple Choice

Actions to lower the probability of a bad outcome ________ its expected cost and these actions are_______ .

• A)increase; costly
• B)decrease; inexpensive
• C)decrease; costly
• D)increase; inexpensive

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Definitions:

Cash Flows

The movement of money into and out of a business, project, or investment, critical for assessing financial health.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.

Living Standards

The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or geographic area.

Annual Interest Rate

The percentage that is applied to a sum of money, including loans or savings, indicating the amount earned or paid over a year.