Choose the best definition of risk acceptance.
A) Risk acceptance is when an inherent risk is present, but the organization chooses not to act.
B) Risk acceptance eliminates the risk by completely avoiding the events causing the risk.
C) Risk acceptance is when a company decides to accept the risk but to minimize its impact if it occurs.
D) Risk acceptance is the shifting of the risk to a third party.

Question

Quizplus · Accepted Answer

Risk acceptance occurs when an organization acknowledges a risk but decides not to take any action to mitigate or avoid it, essentially accepting the potential consequences as they are.

Choose the Best Definition of Risk Acceptance