Which type of organizational responses to risk is described by: Realize that some risks are unavoidable and make sure that contingency plans are in place.
A) Risk transfer
B) Risk deferral
C) Risk reduction
D) Risk acceptance
E) Risk avoidance

Question

Quizplus · Accepted Answer

Risk acceptance involves acknowledging that certain risks cannot be avoided and preparing for them with contingency plans, rather than trying to eliminate or transfer the risk.

Which Type of Organizational Responses to Risk Is Described By