Financial Planning 2- Chapter 1 Test Anderson

Financial Planning 2- Chapter 1 Test Anderson

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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34 questions

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1.

FLASHCARD QUESTION

Front

Define Mitigation

Back

A risk-response strategy that involves reducing or controlling the impact of a risk if it occurs.

2.

FLASHCARD QUESTION

Front

What does a risk manager do?

Back

Assesses and identifies risks that could impede the reputation, safety, security, or financial success of the organization

3.

FLASHCARD QUESTION

Front

Define impact.

Back

The effect or influence of an event.

4.

FLASHCARD QUESTION

Front

What is a schedule risk?

Back

When the release or completion of the project is not assessed and addressed correctly.

5.

FLASHCARD QUESTION

Front

This type of risk occurs due to sudden or complete change concerning technology or even the installation of new technology.

Back

Technology Risks

6.

FLASHCARD QUESTION

Front

Examples of operational risks are insufficient resources, and failure in resolving conflicts.

Back

True

7.

FLASHCARD QUESTION

Front

These risks may prevent a company from having sufficient funds to meet its financial obligations.

Back

Financial Risks

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