In risk _________, you continue operating with no controls.
A) Acceptance
B) Limitation
C) Management
D) Transference

Question

Quizplus · Accepted Answer

Risk acceptance is when the organization decides to continue operating with the identified risk and takes no action to mitigate or control it. This strategy is suitable for risks with a low probability of occurrence or low impact on the organization's objectives. Limitation involves implementing controls to reduce the likelihood or impact of a risk. Management involves identifying, assessing, and controlling risks to minimize their impact on the organization. Transference involves shifting the risk to a third party, such as through insurance or outsourcing. Therefore, the answer is A, acceptance.

In Risk _________, You Continue Operating with No Controls