With This Risk Strategy, an Organization Can Decide to Accept

question 77

Multiple Choice

With this risk strategy, an organization can decide to accept the consequences if a risk occurs without trying to control it. In this situation, no mitigation strategy is deemed necessary, although you may set aside some contingency reserves for cost and schedule.

• A) Risk avoidance
• B) Risk acceptance
• C) Risk transference
• D) Risk mitigation

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Definitions:

Reaction Range

The concept indicating the limits within which a person's genetic makeup may impact their traits or abilities.

Actual IQ Score

The quantified measure of a person's intelligence, as determined by standardized testing.

Substandard Environments

Conditions or places that do not meet the established standards of living or safety, often leading to negative health and social outcomes.

IQ Scores

A measure of a person's intelligence as indicated by an intelligence test, representing a score derived from standardized tests.