Mastering Risk

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Questions and Answers

Which of the following best defines risk?

  • The frequency of events occurring
  • The probability of an event occurring (correct)
  • The potential for gain from an event
  • The amount of loss from an event

Which aspect is risk always associated with?

  • The possibility of danger (correct)
  • The chance of failure
  • The likelihood of success
  • The potential for gain

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