Risk avoidance is not always the best risk management strategy.

Name: Risk avoidance is not always the best risk management strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Risk avoidance may seem like a safe option, but it can also result in missed opportunities and decreased competitiveness. Effective risk management involves a range of strategies, including risk avoidance, risk reduction, risk sharing, and risk acceptance. The best approach depends on the specific situation and the goals of the organization.

Risk Avoidance Is Not Always the Best Risk Management Strategy