The producers of a new television show are certain that their new show will be a success due to the gripping storyline and the star-studded cast.However,they are concerned about exceeding their production budget due to shoots that are set in exotic locations and the high salary that some of the stars are demanding.This cost overrun would be an example of a(n)_____ risk.
A) functional
B) hierarchical
C) market
D) internal

Question

The producers of a new television show are certain that their new show will be a success due to the gripping storyline and the star-studded cast.However,they are concerned about exceeding their production budget due to shoots that are set in exotic locations and the high salary that some of the stars are demanding.This cost overrun would be an example of a(n)_____ risk. 
A) functional
B) hierarchical
C) market
D) internal

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.

The Producers of a New Television Show Are Certain That