3.6 KNOWLEDGE CHECK RISK MANAGEMENT - Study guides, Class notes & Summaries
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3.6 KNOWLEDGE CHECK - RISK MANAGEMENT EXAM QUESTIONS AND ANSWERS
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---2October 20252025/2026A+
- 3.6 KNOWLEDGE CHECK - RISK MANAGEMENT EXAM QUESTIONS AND ANSWERS 
 
Which step in the risk management process involves actions taken to reduce or eliminate the risk factor? 
 
 a. Risk identification 
 b. Risk assessment 
 c. Risk prioritization 
 d. Risk mitigation 
 e. Risk extension - answer- risk mitigation 
 
Events that have no history, yet they are considered possible and, with some speculation, can be assessed in terms of likelihood and potential impact might be called: 
 
 a. Known-know...
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