Probability of Effect Is the Likelihood That If a Decision

question 46

True/False

Probability of effect is the likelihood that if a decision is implemented it will lead to the harm or benefit predicted.

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Definitions:

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.

Shipbuilding

The construction of ships and other floating vessels, a critical industry for trade, transportation, and military purposes.

Ironworks Industry

The sector involved in the smelting of iron ore, casting, and the forging of iron and steel to produce various goods and structures.

Domination

A state of having power or control over something or someone, often in a manner that suppresses, marginalizes, or oppresses.