Evaluating risk requires that:
A) we think about different possible outcomes.
B) we accept that our best guess about future costs and benefits could be wrong.
C) we consider uncertain costs or benefits of an event or choice.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

All of these statements are true. To properly evaluate risk, we must consider different possible outcomes, recognize that our predictions about the future may not be entirely accurate, and take into account uncertain costs or benefits associated with a given choice or event. Therefore, all three statements are essential components of any effective risk evaluation strategy.

Evaluating Risk Requires That