BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response?
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Mitigating
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Preventing
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Suffering
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Transferring
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Explanation:
Detailed explanation-1: -Although it is impossible to eliminate all risk events, some specific risks may be avoided before you launch the project. Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of avoiding risk.
Detailed explanation-2: -Answer and Explanation: The correct answer is B. Retaining.
Detailed explanation-3: -Risks that can result in a system or process that will not work are known as. Cost risks.
Detailed explanation-4: -Mitigate – act to reduce the probability of occurrence or the impact of the risk. An example of this is choosing a different supplier.
There is 1 question to complete.