Which of the following risk strategies typically involves developing a contingency plan to accompany new product development?
A) Passive avoidance
B) Active acceptance
C) Mitigation
D) Transfer

Question

Quizplus · Accepted Answer

Active acceptance involves acknowledging the risk but also preparing for its potential impact by developing a plan, such as a contingency plan, especially in scenarios like new product development.

Which of the Following Risk Strategies Typically Involves Developing a Contingency