Risk _________ defines the quantity and nature of risk that organizations are willing to accept as they evaluate the trade-offs between perfect security and unlimited accessibility.
A) benefit
B) appetite
C) acceptance
D) avoidance

Question

Risk _________ defines the quantity and nature of risk that organizations are willing to accept as they evaluate the trade-offs between perfect security and unlimited accessibility.
A) benefit
B) appetite 
C) acceptance
D) avoidance

Quizplus · Accepted Answer

Risk appetite refers to the level of risk an organization is willing to accept in pursuit of its objectives. It involves finding the balance between the potential benefits of taking risks and the potential negative consequences of those risks. The term "risk appetite" is often used interchangeably with "risk tolerance," but risk tolerance refers to the amount of risk an organization can withstand before it starts to experience negative consequences.

Risk _________ Defines the Quantity and Nature of Risk That