This involves taking action to reduce the likelihood that the risk event will occur or reducing the potential impact.
A) Risk identification
B) Avoiding the risk
C) Accepting the risk
D) Mitigating the risk

Question

Quizplus · Accepted Answer

Mitigating the risk involves taking action to reduce the likelihood of the risk occurring or reducing the potential impact. This is a proactive approach that helps to minimize potential losses or damages. Avoiding the risk involves completely eliminating the risk, which is not always feasible or practical. Accepting the risk involves acknowledging the risk but not taking any measures to lessen its impact, which can be dangerous. Risk identification is the first step in the risk management process, but it does not involve taking action to reduce the risk.

This Involves Taking Action to Reduce the Likelihood That the Risk