According to the hierarchy of risk management, the least preferred option for dealing with risk is to:
A) eliminate the risk.
B) prevent the risk from occurring.
C) reduce the consequences of the risk should it occur.
D) reduce the likelihood of the risk occurring.
E) None of these responses are correct.

Question

Quizplus · Accepted Answer

Reducing the consequences of the risk is considered less preferred compared to eliminating or preventing the risk, as it involves accepting that the risk will occur and only mitigating its impact.

According to the Hierarchy of Risk Management, the Least Preferred