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You Start a New Job, and the First Thing Your

question 25

Multiple Choice

You start a new job, and the first thing your new company wants you to do is create a user ID and a password. To remember your password, you write it on a Post It note and put it on your laptop screen. This is an example of ________________.


Definitions:

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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