The state that exists when the probability of success is less than 100 percent and losses may occur is
A)uncertainty.
B)probability analysis.
C)certainty.
D)policy formulation.
E)risk.

Question

Quizplus · Accepted Answer

Risk is the state of uncertainty where the possibility of losses or unfavorable outcomes exists. Uncertainty and probability analysis refer to similar concepts but are not as precise as risk. Certainty and policy formulation do not relate to the concept of probability of success and the possibility of losses.

The State That Exists When the Probability of Success Is