John and his team are working to develop a new product.The company has given them a fixed budget and a rough estimate of the time left until the product must hit the market.The team's key concern is that the product they have developed would be too costly and time-consuming to produce.Which of the following best describes this risk that John and his team are most concerned with?
A) Strategic risk
B) Market risk
C) Internal risk
D) Credit risk

Question

Quizplus · Accepted Answer

Internal risk is the risk that a new product will not be developed within the desired time and budget. Up front, management must decide the level of commitment it will extend in terms of time and budgetary expenditures to adequately ensure the completion of specific projects.

John and His Team Are Working to Develop a New