Risk avoidance is attractive when the cost of avoidance is less than the cost of handling it some other way.

Question

Quizplus · Accepted Answer

Risk avoidance is a strategy employed when the cost of avoiding a risk is less than the potential cost of managing the risk in another manner, such as accepting, transferring, or mitigating it. This approach is often used when the potential negative impact of the risk outweighs the benefits or opportunities it might present.

Risk Avoidance Is Attractive When the Cost of Avoidance Is