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NEW QUESTION: 1
A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?
A. Mitigation
B. Avoidance
C. Transference
D. Exploit
Answer: C
Explanation:
Explanation/Reference:
Explanation:
When you are hiring a third party to own risk, it is known as transference risk response.
Risk transfer means that impact of risk is reduced by transferring or otherwise sharing a portion of the risk with an external organization or another internal entity. Transfer of risk can occur in many forms but is most effective when dealing with financial risks. Insurance is one form of risk transfer.
Incorrect Answers:
B: The act of spending money to reduce a risk probability and impact is known as mitigation.
C: When extra activities are introduced into the project to avoid the risk, this is an example of avoidance.
D: Exploit is a strategy that may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized.
NEW QUESTION: 2
When calculating the implied volatility from an option price we use the bisection method and know initially that the volatility is somewhere between 1% and 100%. How many iterations do we need in order to determine the implied volatility with accuracy of 0.1%?
A. 0
B. 1
C. 2
D. 3
Answer: A
NEW QUESTION: 3
Once Analyst's Notebook has identified possible matching entities, how are duplicates removed?
A. Select each of the matching entities and click the Link button.
B. Select the matching entities and press Ctrl+D simultaneously
C. Select each of the matching entities and click the Merge button.
D. Manually change the identity of one entity to match the other entity
Answer: C
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