The best definition of "risk" is
A)taking a chance.
B)not being able to understand all the outcomes.
C)uncertainty about an outcome.
D)how large the outcome is.

Question

Quizplus · Accepted Answer

Risk is defined as uncertainty about an outcome, which implies that there is a possibility of something going wrong or not according to plan. Taking a chance (A) and not understanding all the outcomes (B) are related to risk but do not fully encompass the concept. How large the outcome is (D) is not a defining characteristic of risk, as it does not necessarily involve the magnitude of a potential outcome.

The Best Definition of "Risk" Is