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Question 367 - PRINCE2-7-Foundation discussion

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Which term is defined-as the amount and type or risk that the business is willing to take in pursuit of is objectives?

A.
Risk appetite
Answers
A.
Risk appetite
B.
Opportunity
Answers
B.
Opportunity
C.
Risk tolerance
Answers
C.
Risk tolerance
D.
Risk cause
Answers
D.
Risk cause
Suggested answer: A

Explanation:

Risk appetite is defined as the amount and type of risk that an organization is willing to take in pursuit of its objectives. This concept helps organizations balance the potential benefits of risk-taking with their capability to manage the impact of unfavorable outcomes.

Reference: PRINCE2 training manual and risk management framework.

asked 23/09/2024
Son Pham Hong
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