Examlex

Solved

"Ongoing Education to Improve Knowledge and Skills for Present and Future

question 51

Multiple Choice

"Ongoing education to improve knowledge and skills for present and future jobs" describes:


Definitions:

Risk-averse

The preference to avoid risks, favoring safer outcomes over potentially higher but uncertain returns.

Probability

The likelihood or chance of an event occurring.

Expected Utility

A theory in economics that explains how people make decisions under uncertainty, based on the anticipated satisfaction or utility from outcomes.

Risk-averse

A description of an individual or entity that prefers to avoid risk, often opting for the less risky of available options.

Related Questions