High-Probability and Low-Severity Risks Should Be

question 15

Multiple Choice

High-probability and low-severity risks should be:

• A)avoided.
• B)minimised.
• C)controlled.
• D)insured.

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Definitions:

Gallons

A unit of volume measurement used primarily in the United States, defined as 231 cubic inches or approximately 3.785 liters.

Ambrosia

In classical mythology, the food of the gods, which conferred immortality; in general usage, something very pleasing to taste or smell.

Plowshares

Metal blades fitted to a plow, used in farming to cut through the soil.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than other entities, leading to more efficient economic exchanges.