To Calculate Expected Profit Under Certainty,you Need to Have Perfect

question 20

True/False

To calculate expected profit under certainty,you need to have perfect information about which event will occur.

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Definitions:

Performance

The execution or accomplishment of a task, contract, or duty as required or agreed.

Tender

An offer to perform an obligation or to pay an amount specified in a contract.

Full Performance

The complete execution of all terms and obligations specified in a contract or agreement.

Obligation

A duty or commitment one party has to perform or refrain from performing specified actions as per a contract or legal requirement.