Refers to situations where a probability of the risk occurring and its potential impact can be calculated because at least some of the variables involved in the decision can be controlled.
a. voluntary bankruptcy
b. risk
c. uncertainty
d. liquidation
e. none of these choices

Option (B) is correct.

Explanation:

Risk can be perceived as the subjective decision an individual makes in accordance with the severity and probability of that and thus may vary from individual to individual. It can also be referred to as the circumstances under which a probability of occurrence of the risk and also its impact can be evaluated.

It can be referred to as an influence that affects strategy further caused by a condition that hinders a positive change in quality excellence.

b or d if i'm correct boi.