Suppose a Project Is Subject to the Following Risk Events

question 74

Multiple Choice

Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with that occurrence) : $$\begin{array} { l c c } \text { Event } & \text { Probability } & \text { Cost(\$000s) } \\\text { I } & .2 & 53 \\\text { II } & .6 & 54 \\\text { III } & .1 & 12 \\\text { IV } & 3 & 21\end{array}$$
Given these, Event _____ should probably get the most attention and Event _____ should probably get the least.

• A) II; IV
• B) III; IV
• C) I; III
• D) I; II
• E) II; III

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Perception

The process of organizing, interpreting, and consciously experiencing the information from the senses.

Psychology Science

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Selective Attention

This is the process by which a person focuses on one or a few select stimuli while ignoring other stimuli.