In Order to Evaluate Risk, Management May Also Set Qualitative

question 28

Multiple Choice

In order to evaluate risk, management may also set qualitative risk classes. Rank these four projects from the least to the most risky.
Completely new market in United States.
Completely new market in South America.
Addition to normal product line.
Repair to old machinery.

• A) 4, 3, 1, 2
• B) 1, 2, 3, 4
• C) 3, 4, 1, 2
• D) 4, 3, 2, 1

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Definitions:

Longest Side

The longest side refers to the side of a geometric figure that has the greatest length compared to the other sides.

Trigonometric Function

A mathematical function related to the angles of triangles, often used in science and engineering to describe oscillations, waves, and other periodic phenomena.

Right Angle

An angle of 90 degrees, typical of the corner of a square or at the intersection of perpendicular lines.

Vectors

Quantities that have both magnitude and direction, used to represent physical properties such as force or velocity.