Which of the Following Statements Accurately Relates to the Topic

Multiple Choice

Which of the following statements accurately relates to the topic of risk?

A) The discount rate may be raised or lowered to allow for the risk of a project, the extent of the risk premium being based on indisputable theory.
B) Risk is unpredictable, and thus cannot be allowed for in project planning.
C) Risk can be quantified using objective probabilities that can be defined mathematically and inferred from historical data.
D) Risk is the probability of an outturn being less than anticipated.