Which type of organizational responses to risk is described by: Eliminate the possibility of the risk occurring; however, that may close the doors on some business opportunities as well.
A) Risk transfer
B) Risk deferral
C) Risk reduction
D) Risk acceptance
E) Risk avoidance

Question

Quizplus · Accepted Answer

Risk avoidance involves taking actions to remove the risk entirely, which can sometimes mean missing out on potential opportunities that come with that risk.

Which Type of Organizational Responses to Risk Is Described By