Question

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?

a. establish triggers and update them frequently
b. establish time or cost contingencies
c. construct a prototype to learn more about a candidate solution
d. identify a risk owner to each high priority risk

Answer 1

c. construct a prototype to learn more about a candidate solution.

Step-by-step explanation:

In Business management, constructing a prototype to learn more about a candidate solution is a risk response strategy designed to research a threat or an opportunity.

Also, training a member of a team to cover for a potentially unavailable key resource is a risk response strategy designed to mitigate a threat.

There are mainly four (4) risk response strategies;

- Avoidance.

- Transferring.

- Mitigation.

- Acceptance.