Which type of organizational responses to risk is described by: Either minimize the probability of the risk occurring or lessen the impact.
A) Risk transfer
B) Risk deferral
C) Risk reduction
D) Risk acceptance
E) Risk avoidance

Question

Quizplus · Accepted Answer

Risk reduction involves actions taken to either decrease the likelihood that a risk will occur or reduce the impact if it does occur. This approach does not eliminate the risk but aims to mitigate its potential effects.

Which Type of Organizational Responses to Risk Is Described By