In Which of the Following Risk Strategies Is Risk Reduced

question 10

Multiple Choice

In which of the following risk strategies is risk reduced to an acceptable, threshold level, perhaps through redesigning a product to include more backup systems or increasing product reliability?

• A) Mitigation
• B) Avoidance
• C) Passive acceptance
• D) Transfer

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Definitions:

Potential Purchaser

An individual or entity showing interest in buying a product or service, but who has not yet made a purchase decision.

Adverse Possession

An involuntary property transfer in which a person acquires ownership of property by treating a piece of real property as his or her own, without protest or permission from the owner.

Real Property

Land and anything permanently attached to it, such as buildings and trees, as opposed to personal property, which can be moved.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real state, intellectual property, or something else.