When you speculate about the cause of a problem, you are forming a ________, a potential explanation that needs to be tested
A) hypothesis
B) prospectus
C) quandary
D) supposition
E) problem factor
Answer: A
Explanation: A) A hypothesis is a potential explanation that needs to be tested. By subdividing a problem and forming hypotheses based on available evidence, you can tackle even the most complex situations.
Business
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Situations where the risk is increased by slippery floors, a habit of lying, or reckless drunk driving are best described by which of the following?
A. A peril B. A hazard C. Pure risk D. Cause of loss
Business
The ________ sphere is the number of channel levels, from raw materials to final product and distribution, in which a company will participate
A) industry B) vertical C) product/application D) competence E) market segment
Business