A _____ Is a Tool Used in Risk Management

question 93

Multiple Choice

A _____ is a tool used in risk management.

• A)work breakdown structure
• B)project organizational chart  
• C)critical path analysis
• D)probability matrice

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Definitions:

Transportation Problem

A type of optimization problem in operations research that involves finding the most cost-effective way to distribute products from several suppliers to multiple consumers.

Supply

The total amount of a product or service available for purchase at any given time.

Demand

The desire and ability of consumers to purchase goods or services at a given price.

Optimal Solution

The most efficient, cost-effective, or productive solution to a problem, typically identified through the use of mathematical models and analysis.