________ may be defined as a measure of uncertainty in a set of potential outcomes for an event in which there is a chance for some loss.
A)Diversification
B)Risk
C)Uncertainty
D)Collaboration

Question

Quizplus · Accepted Answer

Risk is the correct choice as it refers to the potential for loss or harm in a given situation. Diversification refers to spreading investments to reduce risk, while uncertainty refers to a lack of knowledge or information about an event or situation. Collaboration refers to working together with others towards a common goal.

________ May Be Defined as a Measure of Uncertainty in a Set