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Which Statement Best Describes the Concept of Risk

Question 36

Multiple Choice

Which statement best describes the concept of risk?


A) Risk describes a situation where there is not just one possible outcome, but an array of potential returns.
B) Under risk situations there can only be one possible outcome, but with array of potential returns.
C) Under uncertain situations, future outcomes can be expected to have only one value.
D) Under a situation of risk, future outcomes can be expected to have only one value.

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