​Which of the Following Is True of a Residual Risk

question 49

Multiple Choice

​Which of the following is true of a residual risk?

• A) ​A residual risk is a risk that exists absent of any risk management action to reduce or avoid the risk.
• B) ​A residual risk is a risk that can be avoided by enacting some particular procedure to decrease the residual risk to a lower inherent risk level.
• C) A residual risk is a risk that remains after any risk management action has been taken.
• D) ​A residual risk is the probability or likelihood of a risk occurring multiplied by the impact should it actually occur.

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Definitions:

Avoidance-Avoidance Conflict

A situation where a person must choose between two equally unattractive options or outcomes.

Joint Decisions

The process of making decisions collaboratively among two or more parties or stakeholders, often involving negotiation or consensus-building.

Intractable Conflict

A highly resistant and enduring conflict characterized by deep-seated mistrust and animosity between parties, making resolution difficult.

Underlying Reasons

Underlying reasons are the core motives or foundational explanations behind actions, decisions, or phenomena.