1. You cancel your plans and stay up all night cramming. You risk being tired during the test, but you think you can cram enough to just maybe pull this off.
- Risk Response: Mitigation. You're taking an active step to lessen the impact of the risk (not being prepared for the exam) by trying to learn as much as possible in a limited time.
2. You cancel your plans and study for two hours before your normal bedtime and get a good night's rest. Maybe that is going to be enough.
- Risk Response: Mitigation. You're balancing your time to both prepare for the exam and also ensuring you get a good rest to function properly.
3. You go to dinner but come home right after to study the rest of the night. You think you can manage both.
- Risk Response: Mitigation. Similar to option 2, you're trying to manage your time to have both leisure and study time.
4. You go to dinner and stay out with your friends afterward. It is going to be what it is going to be, and it is too late for whatever studying you can do to make any difference anyway.
- Risk Response: Acceptance. You're accepting the risk that comes with not preparing for the exam and are ready to face the consequences.
5. You tell your friends you are sick and tell your professor you are too sick to attend class the next day. You schedule a makeup exam for next week and spend adequate time studying for it.
- Risk Response: Avoidance. You're trying to avoid the immediate risk (the exam the next day) by rescheduling it for a later date.
6. You pay someone else to take the exam for you. (Note: it happens, although this is a terrible idea. Never do this! it is unethical, and the consequences may be severe.)
- Risk Response: Transfer. Despite being an unethical choice, this is an attempt to transfer the risk to someone else by having them take the exam for you. Please note, this is unethical and can lead to academic expulsion or other serious consequences.