CHAPTER 1 - RM

(Multiple Answers)

Change is...

• certain

• unavoidable

• a result

• an outcome

(Multiple Answers)

Risk is...

• certain

• unavoidable

• a result

• an outcome

_________ means having two or more potential outcomes for an event or situation.

Suggests circumstances where the forthcoming events are not known.

The likelihood of winning (or losing) something.

It depicts a condition wherein there is a fortuitous gamble of loss or

danger or probably success if you're lucky enough.

It insinuates to a setting where you are not sure about what would have been (the outcome of a situation).

• - degree or relative variation of actual loss from expected loss.

• - anything that is quantifiable and measurable either directly or indirectly.

• - refers to an individual's mental perception or condition.

• - less quantifiable.

[WRITE "TRUE" IF THE UNDERLINED WORD IS CORRECT, WRITE THE CORRECT WORD IF IT IS NOT]

Risk is anchored on a scale of maximizing value and minimizing losses.