What set of methods is used when forming a risk management plan to limit exposure to legal risks?

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Quizplus · Accepted Answer

The methods used in forming a risk management plan to limit exposure to legal risks include avoiding the risk, reducing the impact of the risk, transferring the risk (often through insurance), and absorbing the risk (accepting the consequences and budgeting for it). These strategies help organizations manage and mitigate potential legal issues effectively.

What Set of Methods Is Used When Forming a Risk