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The ____ Is the Expected Monetary Loss Every Time a Risk

question 5

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The ____ is the expected monetary loss every time a risk occurs.


Definitions:

Situation

A set of circumstances or a state of affairs at a particular time and place.

Fundamental Principle

A basic, essential rule or concept that serves as the foundation for a system of belief, behavior, or reasoning.

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history, known for his works on ethics, politics, logic, and science.

Consequentialists

Ethical theorists who believe that the morality of an action is determined by its outcomes or consequences, rather than by the action itself or any set of rules.

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