All of the following activities illustrate a risk response strategy designed to exploit an opportunity EXCEPT:
A) increase the probability of the opportunity occurring
B) increase the impact of the opportunity
C) purchase insurance
D) set up an organization to pursue the opportunity

Question

Quizplus · Accepted Answer

Purchasing insurance is a risk response strategy designed to transfer the impact of a risk to a third party rather than exploiting an opportunity. A, B, and D all involve taking action to maximize the potential benefit of an opportunity.

All of the Following Activities Illustrate a Risk Response Strategy