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Instructions: Please Define the Following Key Terms

question 52

Essay

Instructions: Please define the following key terms.
-Columba


Definitions:

Risk Taking

The act of engaging in actions or decisions that have uncertain outcomes, involving potential risks as well as rewards.

Quantitative Structure

A framework or model that uses numerical and statistical techniques to analyze or represent a set of data or patterns.

Contingency

An event or condition that is possible but cannot be predicted with certainty, often requiring planning for different potential outcomes.

System

A system is a coherent set of interrelated components that work together to achieve a specific goal or function, often within an organizational or technological context.

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