The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called: a. gambler's approach. b. blackjack approach. c. scenario analysis. d.monte carlo simulation. e. sensitivity analysis.

The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called  Monte Carlo simulation.

The correct answer is D

Explanation:

Monte Carlo simulation is an idea of taking random samples from a mathematical model that represents a real life situation. It is an approach that attempts to model real world uncertainty into the evaluation of projects.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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