An example of risk mitigation is:
A)Using proven technology in the development of a product to lessen the probability that the product will not work
B)Purchasing insurance
C)Accepting a lower profit if costs overrun
D)a and b

Question

Quizplus · Accepted Answer

Risk mitigation involves strategies to reduce and manage risks. Using proven technology can decrease the likelihood of product failure, and purchasing insurance can protect against financial losses, both of which are examples of risk mitigation strategies.

An Example of Risk Mitigation Is