What Should You Do If the Severity of Risk Is

question 77

Multiple Choice

What should you do if the severity of risk is medium and the frequency of the risk event occurring is medium?

• A) Purchase insurance.
• B) Accept the risk.
• C) Avoid the risk.
• D) Manage the risk.

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Definitions:

Team Members

Individuals who are part of a group collaborating towards a common objective, each contributing with their specific skills.

Vision Of Success

A clear and inspiring image or description of what success will look like for a project, initiative, or individual.

Project Champion

An individual, typically within an organization, who passionately supports, promotes, and ensures the success of a project.

Lowest Prices

The minimum monetary amount required to purchase goods or services, often emphasized in competitive markets to attract customers.