Which of the following responses best characterizes how to respond to a risk that has considerable upside, or opportunity?
A) Mitigate risk
B) Avoid risk
C) Transfer risk
D) Escalate risk
E) Retain risk

Question

Quizplus · Accepted Answer

Escalating risk is appropriate when there is a considerable upside or opportunity, as it involves taking advantage of the potential benefits while managing the risk.

Which of the Following Responses Best Characterizes How to Respond