Against Which of the Following Possibilities Should a High Probability

question 62

Multiple Choice

Against which of the following possibilities should a high probability that a particular loss-causing event will occur be weighed during the risk evaluation process?

• A) that the event will definitely occur and the loss is unavoidable
• B) whether the likely occurrence may be offset by a low level of associated loss
• C) whether a low probability will be offset by a high level of associated loss
• D) that the event will likely never occur and should be ignored

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Definitions:

Financial Payments

Monetary transactions involving the transfer of sums between parties, usually in exchange for goods, services, or to fulfill contractual obligations.

Coyote

A medium-sized canine native to North America known for its adaptability and cunning.

Green Card

An identification card allowing a non-U.S. citizen to live and work permanently in the United States.

Human Capital

Human capital refers to the economic value of a worker's experience and skills, including education, training, intelligence, and health.