When considering risk management, what is an opportunity? List and briefly describe 4 different responses to an opportunity.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
An opportunity is an event that can have a positive impact on project objectives. One can exploit an opportunity or seek to eliminate the uncertainty associated with it, share an opportunity or allocate some ownership of an opportunity to another party who is best capable of capturing it, enhance the opportunity or increase the probability and/or positive impact of an opportunity, or accept the opportunity by taking advantage of it if it occurs, but not pursue it.
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Bob owns a life estate in a ranch in Idaho. This means that:
A) Bob, or his immediate family, can live on the ranch so long as at least one of them is sill living. B) Bob must live on the ranch for the rest of his life. C) He can live on the ranch as long as he lives, or he can sell this right to someone else. D) He can live on the ranch as long as he lives, but if he moves off the ranch, he loses it.
Unanimous written consent of all partners is required to add new limited partners to a limited partnership, unless the partnership agreement provides otherwise
a. True b. False Indicate whether the statement is true or false
The time necessary for a deposited check to clear through the commercial banking system causes
which of the following types of floats? A) transit B) disbursing C) mail D) processing
Thompson Pools installs and maintains swimming pools. They group their customers according to their needs: new installs, regular maintenance, and frequent product consumers. When do they need a new segmentation analysis?
A. Once every 20 years is about average B. They should do them regularly because of the rapidly changing nature of most markets C. They don't need any because consumer markets don't rapidly change and develop like business goods markets D. Every year, using new bases for variety E. Only when the market changes