Risk response benefit can be defined as:

Question

​Risk response benefit can be defined as:

Quizplus · Accepted Answer

BThe benefit of a risk response can be defined in two ways: A) as the difference between an inherent risk (the risk before any actions are taken to manage it) and a residual risk (the remaining risk after the risk response has been implemented), which essentially measures the effectiveness of the risk response in reducing the risk. B) as the benefit of the risk response minus the cost of implementing that response, which evaluates the net gain or value added by taking the risk response action.

​Risk Response Benefit Can Be Defined As

Risk Response Benefit Can Be Defined As