After Assessing the Risks of a Project,the Second Step Is

question 12

Short Answer

After assessing the risks of a project,the second step is to ________ each risk,or to think about whether the adverse impact will be major or minor.

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Definitions:

Substitution

In law or economics, the act of replacing one party or element of a contract with another.

Rescission

The act of canceling or annulling a contract, returning the parties involved to their positions prior to the agreement.

Nominal Damages

Monetary damages awarded to a plaintiff in a very small amount, typically $1 to $5, to signify that the plaintiff has been wronged by the defendant even though the plaintiff suffered no compensable harm.

Actual Damages

Financial compensation awarded to a plaintiff to recover losses directly resulting from a defendant's actions.