VSFS Software Solutions Inc. is aware that its newly launched app is prone to certain risks and creates a contingency plan to counter the risk. Which generic risk strategy is the company adopting in this scenario?
A) Passive acceptance
B) Active acceptance
C) Avoidance
D) Transfer

Question

Quizplus · Accepted Answer

The company is adopting an active acceptance strategy by acknowledging the risks associated with their new app and creating a contingency plan to counter those risks. This strategy involves being proactive in addressing potential risks instead of just passively accepting them or avoiding them altogether. Transfer would involve passing on the risk to another party, which is not mentioned in the scenario.