A _____ Is a Proactive Effort to Anticipate a Risk

question 49

Multiple Choice

A _____ is a proactive effort to anticipate a risk and describe an action plan to deal with it.

• A) risk identification plan
• B) risk response plan
• C) risk balance plan
• D) risk management plan

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Definitions:

Absolute Value

The distance of a number from zero on the number line, disregarding any sign it might have, making it always a non-negative value.

Budget Line

A visual depiction of every potential mix of two products that a consumer can purchase, considering their income and the cost of these items.

Linear Relationship

A direct relationship between two variables that can be represented by a straight line on a graph.

Vertical

In business and economics, it refers to the integration of various stages of production and distribution under the control of a single company.