_____ Determines Each Identified Risk's Probability of Occurrence and Impact

question 46

Multiple Choice

_____ determines each identified risk's probability of occurrence and impact on the project.

• A) Risk mitigation
• B) Risk assessment
• C) Risk avoidance
• D) Risk analysis
• E) Risk monitoring and control

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Definitions:

Producing Products

The process of creating goods or services to be sold to consumers involving stages from design to manufacturing.

MU/P

MU/P represents the ratio of marginal utility (MU) to the price (P) of a good, indicating the additional satisfaction gained per unit of currency spent.

Total Utility

The total amount of satisfaction or fulfillment a consumer gains from consuming a given amount or quantity of goods or services.

New Product

A new product is an item or service that has been recently developed or significantly improved, offering new features or benefits to the market.