When Using the Probability Threshold for Contingencies, the Likelihood of the Occurrence

question 124

Multiple Choice

When using the probability threshold for contingencies, the likelihood of the occurrence of the event is classified as

• A) not likely, likely, or highly likely.
• B) remote, reasonably possible, or probable.
• C) slight, moderate, great.
• D) remote, likely, possible.

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Definitions:

Benefit Audit

A thorough examination of an organization's employee benefits program to ensure compliance, effectiveness, and efficiency.

Legal Requirements

Obligations that entities must comply with according to laws and regulations.

Critical Problems

Essential or major issues that require immediate attention and solutions to prevent negative outcomes.

Corporate Loyalty

The devotion and allegiance of an employee or group towards their company and its goals, often reflected through commitment and hard work.