BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ does not fall under risk response for “threats”
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Avoid
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Mitigate
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Enhance
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Transfer
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Explanation:
Detailed explanation-1: -Since project managers and risk practitioners are used to the four common risk response strategies (for threats) of avoid, transfer, mitigate and accept, it seems sensible to build on these as a foundation for developing strategies appropriate for responding to identified opportunities.
Detailed explanation-2: -Explanation. Risk elimination is not a type of risk management strategies.
Detailed explanation-3: -The five basic strategies to deal with negative risks or threats are Escalate, Avoid, Transfer, Mitigate and Accept.
There is 1 question to complete.