_____ Is About Developing an Understanding of Which Potential Risks

question 50

Multiple Choice

_____ is about developing an understanding of which potential risks have the greatest possibility of occurring and can have the greatest negative impact on the project.

• A) Risk mitigation
• B) Risk sharing
• C) Risk generalization
• D) Risk evaluation
• E) Risk management

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Definitions:

Liability

Refers to the state of being legally responsible for something, typically in the context of debts or legal wrongs.

Express Permission

Explicit authorization or consent given by a party to another to perform an action or use property or information.

Lakeside Property

Real estate located adjacent to or near a lake, often valued for its picturesque views and recreational opportunities.

Reimbursement

The act of compensating someone for expenses they have incurred.