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

Question

Quizplus · Accepted Answer

Risk avoidance involves taking actions or making decisions that completely eliminate a specific risk, thereby avoiding any chance of it affecting the organization. This is different from accepting, mitigating, or transferring the risk.

Choose the Best Definition of Risk Avoidance