Risk exists when the probability of an action being successful is less than 100 percent and losses may occur.

Name: Risk exists when the probability of an action being successful is less than 100 percent and losses may occur.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When you can estimate the likelihood of various consequences but still do not know with certainty what will happen,you are facing risk.Risk exists when the probability of an action being successful is less than 100 percent and losses may occur.

Risk Exists When the Probability of an Action Being Successful