Business Finance Endterm Quiz #3

Business Finance Endterm Quiz #3

University

20 Qs

quiz-placeholder

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Business Finance Endterm Quiz #3

Business Finance Endterm Quiz #3

Assessment

Quiz

Computers

University

Medium

Created by

Carnit Cordova

Used 1+ times

FREE Resource

20 questions

Show all answers

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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