Question: You are managing a construction project, and your regular lumber supplier tells you that his supplies are running low and there may be a delay

You are managing a construction project, and your regular lumber supplier tells you that his supplies are running low and there may be a delay in getting the lumber to you. If that happens, it will delay your project. Instead, you decide to hire another vendor that has plenty of lumber supplies in its inventory and will be able to supply at short notice. However, you have not worked with this new supplier before, and you are not sure of the quality of its lumber. Which of the following is true?%0D%0AThis type of question contains radio buttons and checkboxes for selection of options. Use Tab for navigation and Enter or space to select the option.%0D%0Aoption%0D%0AA%0D%0A%0D%0AYour primary risk response strategy is "avoid," and you have introduced a secondary risk.%0D%0Aoption%0D%0AB%0D%0A%0D%0AYour primary risk response strategy is "transfer," and you have introduced a residual risk.%0D%0Aoption%0D%0AC%0D%0A%0D%0AYour primary risk response strategy is "avoid," but the quality of the lumber must be accepted.%0D%0Aoption%0D%0AD%0D%0A%0D%0AYour primary risk response strategy is "transfer," and you have introduced a secondary risk

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!