Which risk control strategy approach can also be referred to as an avoidance strategy?The risk control strategy that attempts to eliminate or reduce any remaining uncontrolled risk through the application of additional controls and safeguards is the protect risk control strategy, also known as the avoidance strategy.
Which risk management strategy involves a conscious choice to do nothing about the risk?Risk acceptance is a strategy in which the company accepts the potential consequences of a given risk. The company chooses to do nothing to avoid, limit, or transfer the risk.
Which of the following risk treatment strategies describes an Organizationâ s efforts to reduce damage caused by a realized incident or disaster?The risk control strategy that attempts to reduce the impact of the loss caused by a realized incident, disaster, or attack through effective contingency planning and preparation is known as the mitigation risk control strategy.
Which risk control strategy shifts residual risk to other assets other processes or other organizations?Transference is the control approach that attempts to shift the risk to other assets, other processes, or other organizations.
|