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An organization that delegates decision-making authority as far down the chain of command as possible and has relatively few formal rules is
Expected Wealth
The anticipated amount of money or assets that an individual or entity forecasts to accumulate over a period.
Insurance Policy
A contract between an insurer and a policyholder wherein the insurer promises to pay for specific potential future losses in exchange for a periodic payment.
Expected Loss
The anticipated amount of loss a business may suffer due to risks or future uncertainties.
Probability
A numerical expression between 0 and 1 that indicates how likely an event is to occur.
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