If the Probability of an Outcome Equals One, the Outcome

question 94

Multiple Choice

If the probability of an outcome equals one, the outcome:

• A)Is more likely to occur than the others listed
• B)Is certain to occur
• C)Is certain not to occur
• D)Has unquantifiable risk

Understand the purpose and uses of a business plan in articulating business strategy and goals.

Understanding different training methods and their effectiveness in various learning outcomes.

Recognizing the stages and importance of role-play in training.

Differentiating between case study and case incident methods in training.

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Definitions:

Price

The expense involved in securing a product or service.

Demand Curve

The Demand Curve is a graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Quantity Demanded

The level of product or service that buyers intend to purchase at various prices.

Increase

A situation where there is a rise in quantity, size, number, value, or intensity of a particular variable or condition.