____ Can Be to Avoid the Risk, Mitigate the Risk

question 6

Multiple Choice

____ can be to avoid the risk, mitigate the risk, or accept the risk.

• A) A risk response plan
• B) A risk assessment
• C) A risk management strategy
• D) A risk impact statement

---

Definitions:

Product Quality

A measure of the attributes or characteristics of a product that fulfills the requirements, expectations, or specifications set by customers and regulations.

Net Present Value

A method used in capital budgeting to analyze the profitability of a projected investment or project by calculating the difference between the present value of cash inflows and outflows.

Present Value Factors

Factors used in discounting future cash flows to determine their present value, helping in the assessment of the value of investments today.

Compound Interest

is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.