Author Question: A student who has skipped many classes and not studied the course material was surprised to learn ... (Read 227 times)

Diane · **on:** Jul 11, 2018

A student who has skipped many classes and not studied the course material was surprised to learn there was a test when he showed-up for class. The student's mental uncertainty about whether or not he will pass the test is called

A) objective risk.
B) objective probability.
C) subjective probability.
D) subjective risk.

Question 2

Rather than storing all of its finished goods in a single location, Davis Company divides the finished goods between two warehouses. This simple risk control technique which is designed to limit losses should a warehouse fire occur is called

A) duplication.
B) risk transfer.
C) separation.
D) loss prevention.