Which of the Following Is Not a Risk Management Option

question 20

Multiple Choice

Which of the following is not a risk management option?

• A) Risk retention
• B) Risk transfer
• C) A Mixed approach
• D) Elimination of all risk

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Definitions:

Direct Labor

The labor costs directly attributed to the production of goods or services; it includes wages paid to workers physically making a product.

Constrained Resource

A limited resource in a production process that can restrict the company's ability to produce goods, impact scheduling, and ultimately affect throughput.

Current Profitability

A measure of how much profit a company is generating at the current time, often used to assess financial health.

Constrained Resource

A factor or resource in production that limits the output or performance of a process.