Business Finance Endterm Quiz #3
Authored by Carnit Cordova
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Risk identification is a one-time activity performed at the very beginning of a project and rarely revisited.
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A risk with a high probability but low impact typically requires more immediate and extensive mitigation efforts than a risk with low probability but catastrophic impact.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Qualitative risk analysis assigns numerical values to risk probability and impact, allowing for statistical modeling.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The purpose of risk mitigation is to entirely eliminate all identified risks from a project.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Accepting a risk means the project team will develop a detailed contingency plan to be executed if the risk occurs.
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A risk register serves as a central repository for documenting identified risks, their assessment, and planned responses.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Transferring a risk always involves purchasing insurance to cover potential financial losses.
True
False
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