When a Project Team Elects to Purchase Insurance,or Adopts a Fixed

question 37

Multiple Choice

When a project team elects to purchase insurance,or adopts a fixed price contract with a vendor,or hires an expert,it is demonstrating which of the following risk response strategies? 

• A) avoid a threat 
• B) transfer a threat 
• C) mitigate a threat 
• D) assume a threat

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Definitions:

Reliability

How much a testing tool delivers steady and dependable results throughout time.

Validity

The degree to which a notion, conclusion, or measurement is solidly based and accurately reflects reality.

Bias

A tendency to lean in a certain direction, either in favor of or against a particular thing, often in a way that is considered to be unfair.

IQ Test

A formal assessment created to gauge cognitive abilities and the intelligence level of individuals.