Which of the Following Terms Refers to the Future Course

question 159

Multiple Choice

Which of the following terms refers to the future course of a condition or illness?

• A)etiological forecast
• B)prognosis
• C)foreclosure
• D)diagnosis

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Definitions:

EMV

Expected Monetary Value, a risk management tool used to calculate the average outcome when the future includes scenarios that may or may not happen.

States of Nature

Hypothetical conditions or scenarios in decision theory and economics, representing all possible situations that could affect the outcome of a decision.

EMV

An acronym for Expected Monetary Value, a calculation used in decision making that quantifies the average outcome of a future event in monetary terms.

Payoff Table

A tool used in decision making that shows the outcome or results of different strategies under various conditions.