If the Probability of an Outcome Equals One, the Outcome

question 72

Multiple Choice

If the probability of an outcome equals one, the outcome:

• A) is more likely to occur than the others listed.
• B) is certain to occur.
• C) is certain not to occur.
• D) has unquantifiable risk.

---

Definitions:

Cash Disbursements

The outflow of cash for expenses or investments, typically detailed in a financial planning or accounting report.

Goods Purchased

Items bought by a company for resale or use in production, contributing to inventory.

Variable Selling Expenses

Costs that fluctuate in direct proportion to changes in sales volume, such as commissions and shipping charges.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive personnel, accounting, and human resources.