Which of the Following Is NOT One of the Potential

question 59

Multiple Choice

Which of the following is NOT one of the potential responses to a specific risk event?

• A) Mitigating
• B) Retaining
• C) Ignoring
• D) Transferring
• E) Avoiding

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Definitions:

National Spending

The total expenditure incurred by a government, covering sectors such as defense, healthcare, education, and infrastructure within a specified fiscal period.

Luxury Goods

High-quality, often expensive, items not necessary for survival but considered desirable within a culture or society, often used as a status symbol.

Generation X

The generation of people born approximately between the early 1960s and late 1970s, known for its bridging role between the Baby Boomers and Millennials.

Generation Y

Also known as Millennials, this demographic cohort follows Generation X and is generally considered to include individuals born from the early 1980s to the mid-1990s to early 2000s.