If chance or uncertainty is present in a system then there is an element of ____ in the decision-making problem.
A) danger
B) security
C) risk
D) difficulty

Question

Quizplus · Accepted Answer

Risk refers to the possibility of loss or harm occurring due to chance or uncertainty. Therefore, if chance or uncertainty is present in a system, the decision-making problem involves taking into account potential risks. The other choices, such as danger or difficulty, may also be factors in decision-making, but they are not directly related to the presence of chance or uncertainty.

If Chance or Uncertainty Is Present in a System Then