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) Risk.
D) Certainty.
E) Policy formulation.

Question

Quizplus · Accepted Answer

Risk exists when the probability of an action being successful is less than 100 percent and losses may occur. If the decision is the wrong one, you may lose money, time, reputation, or other important assets.

The State That Exists When the Probability of Success Is