Select one of the following risk concepts/terms:

• Residual Risk
• Secondary Risk
• Contingency Plan
• Fall Back Plan
• Contingency Reserve

set a multiple-choice question related to the topic of your choice following these criteria:

1. The question must be based on applied knowledge or a situation (not memorizing a definition)
2. There must be 4 possible answers. Each option must be related to project management.
3. There may be only 1 correct answer and it must be clearly identified
4. Each possible answer must include the reason why it is correct or incorrect and include a direct reference to where you found the information in the PMBOK Guide.