You are the HR Professional for your organization and you've identified a risk event. The risk event can be mitigated by purchasing an insurance to protect the organization. You've also identified that the probability of the risk event is only 20 percent. If management doesn't want to purchase the insurance to mitigate the risk event, what other choice do they have to respond to the event by using an out-of-pocket payment if the event actually occurs?

Question

Quizplus · Accepted Answer

Acceptance is a risk response strategy where the organization decides to accept the risk and deal with the consequences if it occurs, often using out-of-pocket payments.

You Are the HR Professional for Your Organization and You've