Which of the Following Statements Relating to Risk and Uncertainty

question 6

Multiple Choice

Which of the following statements relating to risk and uncertainty is correct?

• A) Risk exists when we do not know all of the possible outcomes.
• B) Risk exists when we know all of the possible outcomes but not their probabilities.
• C) Uncertainty exists when we know all of the possible outcomes but not their probabilities.
• D) Uncertainty exists when we know all of the possible outcomes and their probabilities.

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Definitions:

Internationalization

The process of increasing involvement of enterprises in international markets.

Exporting

The act of selling goods or services produced in one country to another country.

New Markets

Refers to previously unexplored or unengaged customer segments or geographic areas that a business aims to enter.

ACCOR

A multinational hospitality company based in France, operating hotels, resorts, and vacation properties across various countries.