What should you do if the severity of risk is low and the frequency of the risk event occurring is low?

Name: What should you do if the severity of risk is low and the frequency of the risk event occurring is low?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When both the severity and frequency of a risk are low, the most practical approach is often to accept the risk. This means acknowledging the risk exists but deciding not to take specific actions to mitigate it because the potential impact does not justify the cost or effort of doing so.

What Should You Do If the Severity of Risk Is