A Key Distinction Between a Risk Response and a Contingency

question 76

Multiple Choice

A key distinction between a risk response and a contingency plan is

• A) a risk response is established only for moderate risks while contingency plans are established for major risks.
• B) a risk response is part of the actual implementation plan and action is taken before the risk can materialize, while a contingency plan goes into effect only after the risk has transpired.
• C) a risk response is only effective when you are able to assess the likelihood of the risk and its impact on the project; all other risks are covered by contingency planning.
• D) a risk response is created by the project team and the project manager while the project manager and the customer agree on the contingency plan.
• E) a risk response is action that is the response to a risk once it has happened and the contingency plan is created by the customer if the risk response fails.

Determine line and phase voltages and currents in transformer systems.

Comprehend the impact of load types on transformer phase currents.

Identify the functions of dielectric oil in a transformer.

Calculate phase currents for specific transformer-load configurations.

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Definitions:

More Elastic

Describes a scenario where the quantity demanded or supplied of a good or service is more responsive to changes in its price.

Income Elasticity

A measure used in economics to show how the demand for a good or service changes in response to changes in consumer income.

Elapses

Refers to the passage of time or the process of something coming to an end or expiring.

Inelastic Demand

Describes a situation where the demand for a good or service changes little when its price changes.