Joe and his team are working to develop a new product. They have been given 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 would be too costly and time-consuming to produce. Which of the following kinds of risk is likely to be faced by Joe and his team?
A) Strategic risk
B) Market risk
C) Internal risk
D) Credit risk

Question

Quizplus · Accepted Answer

Internal risk refers to risks that arise from within the organization, such as operational inefficiencies, cost overruns, and time management issues, which are the concerns Joe and his team are facing.

Joe and His Team Are Working to Develop a New