Choose the best definition of mitigating the risk.
A) Mitigating the risk is when an inherent risk is present, but the organization chooses not to act.
B) Mitigating the risk eliminates the risk by completely avoiding the events causing the risk.
C) Mitigating the risk is when a company decides to minimize its impact if it occurs through additional business processes or controls.
D) Mitigating the risk is the shifting of the risk to a third party.

Question

Quizplus · Accepted Answer

Mitigating the risk involves taking steps to reduce the impact of the risk should it occur, rather than ignoring it, eliminating it entirely, or transferring it to another party.

Choose the Best Definition of Mitigating the Risk