The Likelihood That an Event Will Occur Is a _____

question 42

Multiple Choice

The likelihood that an event will occur is a _____ measure.

• A)rate
• B)probability
• C)frequency
• D)latency

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Definitions:

Order Paper

A document listing the business or matters to be considered by a parliament, legislative body, or other formal assembly.

Negotiable Note

A financial instrument that promises payment of a specific amount of money, either on demand or at a future date, and is transferable by endorsement.

Notice Provision

A clause in a contract that outlines the methods and timing required for giving formal notifications or communications between parties.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee’s name on it.