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:

Consensus Prematurely

Reaching an agreement or decision before all aspects and perspectives of an issue have been fully explored or debated.

Team Building

The process of enhancing social relations, clarifying team members' roles, and solving task and interpersonal problems that can affect team functionality.

Brainstorming

A creative group activity aimed at generating a large number of ideas for the solution to a problem.

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.