QUESTION 1 A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs. O Risk Acceptance O Risk Appetite Risk Avoidance Risk Transference QUESTION 2 The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward. See also risk threshold and risk tolerance. Risk Acceptance O Risk Appetite O Risk Avoidance O Risk Exposure QUESTION 3 "An aggregate measure of the potential impact of all risks at any given point in time in a project, program, or portfolio." O Risk Exposure O Risk Avoidance O Risk Appetite O Risk Acceptance