Which of the Following Is True About Risk Avoidance

question 2

Multiple Choice

Which of the following is true about risk avoidance?

• A) It usually involves developing an alternative strategy that has a higher probability of success.
• B) It typically involves lower costs associated with accomplishing a project task.
• C) A common risk avoidance technique is to adopt new techniques rather than use existing technologies.
• D) A project team chooses a new vendor over an existing one with a proven track record.
• E) It involves maintaining the project plan to eliminate a risk.

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Definitions:

Basic Research

A type of research focused on increasing our understanding of fundamental principles without immediate intention for practical application.

Industrial-Organizational Psychologists

Psychologists who apply psychological principles and research methods to the workplace in the interest of improving productivity, health, and the quality of work life.

Cognitive Psychologists

Experts who study mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."

Cognitive Psychologist

A scientist who studies mental processes such as perception, memory, problem-solving, and decision-making.