Certification in Supplier Diversity Practice Exam

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What type of information is NOT included in deterministic information?

Strategic plan
Industry analysis
Magnitude of risks
Historical data

The correct answer is: Magnitude of risks

Deterministic information refers to data that is specific, precise, and rooted in facts; it typically includes elements that can be clearly identified and measured. Historical data, strategic plans, and industry analyses generally fall under this category as they provide concrete insights based on established metrics, documented trends, and detailed evaluations. Magnitude of risks, however, tends to be a more subjective assessment that involves uncertainty and prediction about possible future events. It is inherently filled with variables and scenarios that may not be easily quantifiable, making it less deterministic. Evaluating risk often requires probabilistic thinking and forecasting, which move beyond the definitive nature of deterministic information. This distinction highlights why the magnitude of risks is excluded from the category of deterministic information.