Examlex
_____ can be automated because a well-defined standard operating procedure exists for these types of decisions.
Buying A Warranty
The act of purchasing a guarantee, typically from a manufacturer, that a product will be repaired or replaced if it fails within a certain period of time.
Avoid Risk
The strategy of making decisions that minimize the possibility of experiencing negative outcomes.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicle-related damages.
Probability
A measure of the likelihood that a specific event will occur, often expressed as a number between 0 and 1.
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