Upon completing a risk analysis, a company has four different approaches to addressing risk. Which approach it takes will be based on costs, available options, and adherence to any regulatory requirements from independent audits. Which of the following groupings correctly represents the four possible approaches?

Question

Quizplus · Accepted Answer

The four possible approaches to risk are as follows: accept (do not patch and continue with the risk), avoid (implement solutions to prevent the risk from occurring), transfer (take out insurance), and mitigate (change configurations or patch to resolve the risk). Each of these answers contains at least one incorrect approach name.

Upon Completing a Risk Analysis, a Company Has Four Different