Managers in biotechnology know that new drugs have a 10% chance of passing advanced clinical trials. this is an example of: a. risk. b. uncertainty. c. bounded rationality. d. incomplete information. e. satisficing.

The correct answer is A. risk.

Explanation:

Risk is a measure of the magnitude of the damage in the face of a dangerous situation. Risk is measured by assuming a certain vulnerability to each type of danger. Although it is not always done, it must be properly distinguished between danger and (probability of occurrence of a danger), vulnerable (probability of occurrence of damage given that a danger has arisen) and risk (proper).

More informally, there is talk of risk in order to talk about the occurrence of potential damage or harm to units, people, organizations or entities (in general, "protected legal assets"). The greater the vulnerability, the greater the risk, but the more feasible the damage or harm, the greater the danger. Therefore, the risk refers only to the theoretical "possibility of damage" under certain circumstances, while the danger refers only to the theoretical "probability of damage" under those circumstances. For example, from the point of view of the risk of damage to the physical integrity of people, the greater the speed of movement of a vehicle on the road, the greater the "risk of damage" to its occupants, while the greater the recklessness when driving greater is the "danger of accident" (and the risk of consequential damage is also greater).

answerup to (3) three years;