____ Includes Taking Action to Prevent or Minimize the Likelihood

question 11

Multiple Choice

____ includes taking action to prevent or minimize the likelihood of occurrence or the impact of such unfavorable events.

• A) Managing risk
• B) Taking chances
• C) Identifying the trigger point
• D) Naming the person responsible for the risk response plan

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Definitions:

Illegal

Refers to actions or activities that are forbidden by law and punishable if violated.

Credit Report

A detailed record of an individual's or entity's credit history, collected from creditors and used by lenders to gauge creditworthiness.

Property Issue

A legal dispute or concern relating to the ownership or use of land, buildings, or other forms of real estate.

Legal Limits

Regulations or laws that define the boundaries within which individuals or organizations can operate or conduct activities.