Risks Are Prioritized Based on

question 55

Multiple Choice

Risks are prioritized based on

• A) the likelihood of occurrence and degree of impact.
• B) the order they are identified.
• C) the gut feeling of the project team.
• D) the priorities set in a different project.

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Definitions:

Microsoft

A multinational technology company known for its software products, including the Windows operating system and the Office suite.

Internet Explorer

A discontinued web browser developed by Microsoft, once dominant but replaced by newer technologies.

Tacit Collusion

A situation where firms in an oligopoly indirectly coordinate actions without explicit agreement, typically leading to price setting or market sharing that benefits all involved parties.

Ergonomics Regulations

Standards and laws designed to improve safety, comfort, and efficiency by optimizing the design of products and environments for human use.