A Risk Assessment Matrix Is a Tool for

question 27

Multiple Choice

A risk assessment matrix is a tool for

• A) making a person responsible for the risk.
• B) stating if the risk will be avoided, accepted, or mitigated.
• C) examining the results of the project.
• D) assessing and managing risks.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Registration

The act of recording information or data in an official list or database, often required by law for specific activities, businesses, or ownership claims.

Leasehold Interests

A tenant's rights to use and occupy real estate for a predetermined period as defined in a lease agreement.

Indefinite Term

A contract or agreement duration that lacks a specific end date, often continuing until one party gives notice of termination.