When Developing Risk Mitigation Plans,one Should

question 22

Multiple Choice

When developing risk mitigation plans,one should:

• A)Be sure to plan for every possible thing that could go wrong.
• B)Have a single person develop all risk scenarios.
• C)Always use buffers as the primary risk mitigation technique.
• D)Select mitigation plans that give the highest level of prevention or protection at the lowest investment.

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Definitions:

Depreciation Rate

A percentage rate used to calculate the decrease in value of an asset over time for accounting and tax purposes.

Units-of-Activity

A depreciation method that allocates the cost of an asset over its useful life based on the units it produces or hours it operates.

Straight-Line Depreciation

is a method of depreciating an asset where the asset's cost is evenly spread over its useful life, resulting in equal depreciation expenses each year.

Double-Declining-Balance

An accelerated method of depreciation which doubles the straight-line depreciation rate, applying it to the declining balance of the asset's cost.