What BEST Describes the Purpose of Analyzing Risk

question 441

Multiple Choice

What BEST describes the purpose of analyzing risk?

• A) To assess impact and urgency
• B) To assess impact and probability
• C) To review remediation planning
• D) To review transition planning

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Definitions:

Demand Variability

The extent to which demand can fluctuate over a period of time, impacting inventory management and planning processes.

High Utilization

Refers to the extent to which a company's resources, such as workers or equipment, are being used at or near their maximum capacity.

Demand Fluctuations

Variations in the quantity of a product or service desired by consumers, often influenced by seasonality, trends, or economic factors.

Seasonal Inventory

Stock that is kept to meet the seasonal demand of products, which can vary throughout the year based on changes in customer behavior or events.