Chance of occurrence of any event is classified as_____________?
Correct answer: A. Probability
- A. Probability
- B. Risk
- C. Chance
- D. Event happening
Explanation
Probability is the numerical measure of the chance that an event will occur, ranging from 0 for impossibility to 1 for certainty. Risk involves uncertainty about outcomes, whereas probability measures that uncertainty.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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