Which of the Following Describes a "Black Swan

question 50

Multiple Choice

Which of the following describes a "black swan"?

• A) highly likely and consequential event
• B) highly unlikely but consequential event
• C) highly unlikely and inconsequential event
• D) something difficult to explain in retrospect

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Definitions:

Single Channel

A communication or distribution method involving only one method or medium for sending or receiving information or goods.

Limited Population

Refers to a specific, finite group of entities or individuals being studied or served.

Unlimited Queue Length

A scenario in queue theory where there is no limit to the number of entities that can wait in line for service or processing.

Limited Queue Length

In operations management, it refers to a constraint on the maximum number of items or entities that can wait in line to be processed.