____ can be to avoid the risk, mitigate the risk, or accept the risk.
A) A risk response plan
B) A risk assessment
C) A risk management strategy
D) A risk impact statement

Question

Quizplus · Accepted Answer

A risk response plan outlines how to deal with potential risks. There are three options: avoiding the risk altogether, mitigating the risk by taking actions to reduce its likelihood or potential impact, or accepting the risk by having plans in place to manage its consequences if it occurs. A risk assessment is the process of identifying, analyzing, and evaluating potential risks, while a risk management strategy is a comprehensive plan for minimizing the impact of risks on an organization's goals and objectives. A risk impact statement outlines the potential consequences of a risk.

____ Can Be to Avoid the Risk, Mitigate the Risk