You Are the Project Manager of the NKJ Project for Your

question 55

Multiple Choice

You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

• A) Risk avoidance
• B) Mitigation-ready project management
• C) Risk utility function
• D) Risk-reward mentality

---

Definitions:

Prejudice

Preconceived opinions or judgments towards people or groups without sufficient knowledge, reason, or direct experience, often leading to discrimination.

Demand Theory

An economic principle that describes how the demand for goods or services changes in response to price changes, assuming all other factors remain constant.

Temporary Assistance for Needy Families

A government program in the United States designed to help needy families achieve self-sufficiency through financial assistance and support services.

Welfare Benefits

Government-provided support in the form of financial aid or services intended to help individuals or families meet basic needs, like food, housing, and healthcare.