Documenting the Risk Is Helpful as a Risk Mitigation Strategy

question 46

Multiple Choice

Documenting the risk is helpful as a risk mitigation strategy when ______.

• A)the same personnel carry out different projects
• B)similar kinds of projects are being executed
• C)government supervision is involved
• D)a project spans multiple legal jurisdictions

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Definitions:

Cash

Liquid currency and readily accessible funds available in checking and savings accounts, often used to meet short-term financial obligations.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a normal operating cycle, whichever is longer.

Current Liabilities

Short-term financial obligations that are due within one year and are listed on a company's balance sheet.