When a Project Team Elects to Purchase Insurance,or Adopts a Fixed

question 36

Multiple Choice

When a project team elects to purchase insurance,or adopts a fixed price contract with a vendor,or hires external experts - it is demonstrating which of the following risk response strategies?

• A) avoid a threat
• B) transfer a threat
• C) mitigate a threat
• D) assume a threat

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Definitions:

Jefferson Davis

The President of the Confederate States of America during the American Civil War (1861-1865), known for his leadership of the Confederacy in its attempt to establish independence from the United States.

George McClellan

A Union general during the American Civil War known for his cautious tactics and failed 1864 presidential bid against Abraham Lincoln.

1864

A significant year during the American Civil War, marked by key battles and Union victories that helped to shape the outcome of the conflict.

Civil War

Refers to the American Civil War, a conflict between the Northern states (Union) and the Southern states (Confederacy) from 1861 to 1865, primarily over issues of slavery and states' rights.