During a Risk Review Session, the Project Team Identified the Percentage

question 380

Multiple Choice

During a risk review session, the project team identified the percentage probability that a particular risk will occur. This is known as:

• A) risk identification
• B) risk prioritization
• C) risk qualification
• D) risk quantification

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Definitions:

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used as a financial or accounting period.

Gross Pay

The entire sum an employee receives in earnings before any taxes or deductions are subtracted.

Deductions

Amounts subtracted from an employee's gross income to calculate taxable income, or expenses subtracted from gross revenue in accounting to determine net income.

Net Pay

The amount of money an employee takes home after deductions like taxes and retirement contributions have been subtracted from their gross pay.