Quiz
Chapter 11 M/C Part 1
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Questions in this quiz (15)
119. Risk utility rises at a decreasing rate for a _____ person.
- Aa. risk-seeking
- Bb. risk-averse
- Cc. risk-neutral
- Dd. risk-indifferent
220. Those who are _____ have a higher tolerance for risk, and their satisfaction increases when more payoff is at stake.
- Aa. risk-seeking
- Bb. risk-averse
- Cc. risk-neutral
- Dd. risk-indifferent
321. A _____ person achieves a balance between risk and payoff.
- Aa. risk-seeking
- Bb. risk-averse
- Cc. risk-fearing
- Dd. risk-neutral
422. _____ involves deciding how to approach and plan the risk management activities for the project.
- Aa. Identifying risks
- Bb. Planning risk management
- Cc. Performing qualitative risk analysis
- Dd. Performing quantitative risk analysis
523. The degree of uncertainty an entity is willing to take on in anticipation of a reward is
- Aa. risk appetite
- Bb. risk tolerance
- Cc. risk utility
- Dd. unknown risk
624. _____ involves determining which risks are likely to affect a project and documenting the characteristics of each.
- Aa. Identifying risks
- Bb. Planning risk management
- Cc. Performing qualitative risk analysis
- Dd. Performing quantitative risk analysis
725. _____ involves prioritizing risks based on their probability and impact of occurrence.
- Aa. Performing qualitative risk analysis
- Bb. Identifying risks
- Cc. Planning risk responses
- Dd. Performing quantitative risk analysis
826. _____ involves numerically estimating the effects of risks on project objectives.
- Aa. Performing qualitative risk analysis
- Bb. Planning risk responses
- Cc. Identifying risks
- Dd. Performing quantitative risk analysis
927. _____ involves taking steps to enhance opportunities and reduce threats to meeting project objectives.
- Aa. Performing quantitative risk analysis
- Bb. Planning risk responses
- Cc. Controlling risk
- Dd. Performing qualitative risk analysis
1028. _____ involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and
evaluating the effectiveness of risk strategies throughout the life of the project.- Aa. Performing quantitative risk analysis
- Bb. Planning risk responses
- Cc. Controlling risk
- Dd. Performing qualitative risk analysis
1129. _____ are predefined actions that the project team will take if an identified risk event occurs.
- Aa. Secondary risks
- Bb. Workarounds
- Cc. Contingency plans
- Dd. Management reserves
1230. Unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project
_____ management knowledge area.- Aa. integration
- Bb. quality
- Cc. procurement
- Dd. human resources
1331. _____ is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instantmessaging discussions.
- Aa. Brainstorming
- Bb. Monte Carlo analysis
- Cc. The Delphi technique
- Dd. Interviewing
1432. A(n) _____ represents decision problems by displaying essential elements, including decisions, uncertainties,
causality, and objectives, and how they influence each other.- Aa. risk breakdown structure
- Bb. influence diagram
- Cc. process flow chart
- Dd. work breakdown structure
1533. The _____ lists the relative probability of a risk occurring and the relative impact of the risk occurring
- Aa. Top Ten Risk Item Tracking chart
- Bb. requirements traceability matrix
- Cc. probability/impact matrix
- Dd. expectations management matrix
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- CIS 4375 Quiz on Chapter 11 M/C Part 1, created by . . on 17/10/2017.
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