The Determination of the Quantitative or Qualitative Value of the Risks

question 28

Multiple Choice

The determination of the quantitative or qualitative value of the risks in a project best defines

• A)risk assessment.
• B)risk probability.
• C)risk investigation.
• D)risk feasibility.

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Definitions:

Restraint Of Trade

Legal term referring to contractual obligations that limit a person’s freedom to engage in business activities with others, often scrutinized for its impact on free trade.

Contract Law

The collection of legal principles that oversees the formation, implementation, and understanding of contracts between individuals.

Competition

The rivalry between companies or individuals for market share, customers, sales, or recognition, driving innovation, quality, and value in services or products.

Infants

Legally refers to individuals who are under the age of majority, typically below 18 years, and are often considered incapable of entering into certain contracts or agreements.