What are the four options for dealing with a risk?
A)Accept, mitigate, transfer and avoid
B)Accept, insure, transfer and avoid
C)Accept, mitigate, reduce and avoid
D)Situation, task, action, result
E)It's a trick question - there are only three and they are transfer, mitigate and avoid.

Question

Quizplus · Accepted Answer

Accept, mitigate, transfer and avoid are the four acceptable ways of dealing with risk. Remember that mitigating and reducing are synonyms in risk management, and that insuring is a form of transferring risk.
Key takeaway: We want you to remember these four options and consider them each time you consider what to do with a risk. Our natural tendency is to avoid or mitigate, but sometimes that is just not possible.

What Are the Four Options for Dealing with a Risk