The Utility method describes an organization’s willingness to accept risk, and the willingness to accept risk will determine the level of response required for the identified risks. 1 is incorrect because Herzberg’s Theory of Motivation is not relevant to this question. 3 is incorrect. The risk event value may be considered, but only after the Utility method is considered. 4 is also incorrect because the organizational structure has little input to the risk response in most projects.