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

Question

Quizplus · Accepted Answer

The definition given in the question matches with the definition of risk, which is the state of uncertainty where the probability of occurrence of an event is not completely known and losses may occur. Therefore, option C is the correct answer. Options A, B, D, and E are not appropriate in the given context.

The State That Exists When the Probability of Success Is