A Risk with a High Probability and Medium Consequence to a Project

question 106

Multiple Choice

A risk with a high probability and medium consequence to a project has been identified. In response, the project manager has purchased an insurance plan with the intent to provide additional funds if the risk is realized. There is no risk to the schedule or scope. Which of the following types of risk strategies is this an example of?

• A) Accept risk
• B) Transfer risk
• C) Mitigate risk
• D) Exploit risk
• E) Avoid risk

Understand the concept of brand extension and its significance in marketing.

Identify the differences between national brands and private-label brands.

Recognize the strategic reasons behind retailers carrying national brands.

Understand the tactics used in brand partnerships and co-branding strategies.

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Definitions:

Louisiana State University

A public university located in Baton Rouge, Louisiana, known for its extensive research facilities and diverse academic programs.

Superdome

A large, domed sports and exhibition stadium located in New Orleans, Louisiana, known for hosting major events.

New Orleans

A major U.S. city known for its vibrant music scene, diverse cuisine, and significant cultural events like Mardi Gras.

Career Golden Slam

Achieving victory in all four major tennis Grand Slam tournaments and an Olympic gold medal over the course of a career.