A _____ is a proactive effort to anticipate a risk and describe an action plan to deal with it.
A) risk identification plan
B) risk response plan
C) risk balance plan
D) risk management plan

Question

Quizplus · Accepted Answer

A risk response plan is a proactive effort to identify potential risks and describe an action plan to deal with them. It involves analyzing the probability and impact of risks, developing strategies to avoid, transfer, mitigate or accept them, and assigning responsibilities to individuals or teams for risk management. The other choices, such as risk identification plan, risk balance plan, or risk management plan, are either incomplete or inaccurate descriptions of what a risk response plan entails.

A _____ Is a Proactive Effort to Anticipate a Risk