MANAGEMENT

Detailed explanation-1: -b. False. Risk refers to a situation in which the probability of each possible outcome to a decision is unknown or meaningless.

Detailed explanation-2: -Risk is an uncertain situation, activities, or events that cannot be predicted, and there is an absence of certainty of the outcome in particular situations, activities, or events that means the outcome can be positive or negative.

Detailed explanation-3: -Answer : c Plan Risk Response is the process of developing options and actions to enhance opportunities and to reduce the threats to project objectives .

Detailed explanation-4: -Sometimes we have enough facts and evidence to know the possible results of a decision. These are the most conducive situations for decision-making because the outcomes are quite obvious. For instance, if you drop a glass full of milk, the milk will definitely spill. Such an environment is known as certainty.