One approach to risk mitigation is simply to accept it.

Name: One approach to risk mitigation is simply to accept it.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accepting risk means acknowledging the potential negative impact and deciding not to take any action to prevent or reduce it. This can be a valid risk mitigation strategy for low-risk events, or in cases where the cost of mitigating the risk outweighs the potential negative impact. However, it is important to carefully assess the potential consequences before deciding to accept risk.

One Approach to Risk Mitigation Is Simply to Accept It