Q: Consider the following strategies for mitigating risk under risk response development: 1. Reduce the likelihood that the event will occur 2. Reduce the impact that the adverse event would have on the project 3. Analyze the project to identify sources of risk 4. Assess risks in terms of severity of impact Which of the above strategies are correct?
(a)1 and 2 only
(b)3 and 4 only
(c)1 and 4 only
(d)2 and 3 only
Correct Answer: (a)
The correct answer is (d) '2 and 3 only'. Among the 4 statements given, this option correctly identifies which statements are accurate regarding Miscellaneous (General Studies).