With ________, an Organization Can Reduce the Impact of a Risk

question 66

Multiple Choice

With ________, an organization can reduce the impact of a risk event by reducing the probability of its occurrence. Organizations are making heavy use of prototyping and newer agile product development methodologies that include short development phases with heavy customer involvement and continuous testing as a mitigation strategy to lessen the risks associated with systems development projects.

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

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Definitions:

Natural Attrition

The reduction in workforce size through normal means, such as retirement or resignation, without the need for layoffs.

Labor Shortage

A situation where there are not enough qualified candidates to fill the available job positions within a market or industry.

Temporary Employees

Workers hired for a fixed short-term period or for the completion of a specific project, often through staffing agencies.

Sales Targets

Specific goals set for a salesperson or sales team to achieve in a defined period, used to measure performance and success.