_________Is a Risk Response Strategy Designed to Avoid Potential Project

question 96

Multiple Choice

_________is a risk response strategy designed to avoid potential project risks.

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

Grasp the concept of time management in production through cycle time understanding.

Comprehend internal and external auditing as mechanisms for organizational control.

Understand the principles of Total Quality Management (TQM) and its application in organizational contexts.

Recognize the importance of crisis management in organizations.

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Definitions:

Corporate Leaders

Individuals at the top management level of a corporation who are responsible for making strategic decisions and guiding the company towards achieving its goals.

Communication

The process of transferring information, ideas, and understanding from one person or group to another.

Emotions

Are complex psychological states that involve an individual's subjective experience, physiological response, and behavioral expression, influenced by mood, temperament, and motivation.

Readiness

The state of being fully prepared for specific actions or changes.