In addressing an identified risk, which strategy aims... create risk?

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Post published:January 7, 2024
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Post last modified:June 12, 2024

In addressing an identified risk, which strategy aims to stop performing the activities that create risk?

risk sharing
risk retention
risk reduction
risk avoidance

Answers Explanation & Hints:

There are four potential strategies for responding to risks that have been identified: Risk avoidance – Stop performing the activities that create risk.
Risk reduction – Decrease the risk by taking measures to reduce vulnerability.
Risk sharing – Shift some of the risk to other parties.
Risk retention – Accept the risk and its consequences.

In addressing an identified risk, which strategy aims to stop performing the activities that create risk?

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