The Method of Probability Assessment That Is Least Likely to Be

question 108

Multiple Choice

The method of probability assessment that is least likely to be used by business decision makers is:

• A) subjective assessment.
• B) relative frequency of occurrence.
• C) classical assessment.
• D) None of the above is used by decision makers.

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, leading to increased interconnectedness and interdependence.

Organizational Diversity

The inclusion of individuals with a variety of characteristics, such as cultural background, race, gender, age, and skills, within an organization.

Sovereign Nations

Independent states that have full self-governing power over themselves and are not controlled by any other external power.

Vertical Differentiation

The structuring of an organization into layers or levels of authority and responsibility.