Risk associated with the likelihood of a product functioning as expected is referred to as _____ risk.
A) financial
B) physical
C) social
D) time
E) performance

Question

Quizplus · Accepted Answer

The risk associated with the likelihood of a product functioning as expected is referred to as performance risk. This is because it pertains to the product's ability to perform its intended function efficiently and effectively. Financial risk refers to the potential loss of investment or financial resources, physical risk relates to the safety and health hazards that a product may have, social risk refers to the potential negative impact on social relationships or reputation, and time risk concerns potential delays or time-related setbacks.

Risk Associated with the Likelihood of a Product Functioning as Expected