Every organization must decide how to respond to risk. Risk response is the actions taken by management to reduce risk t
Posted: Mon May 30, 2022 5:02 pm
Every organization must decide how to respond to risk. Risk
response is the actions taken by management to reduce risk to an
acceptable level. Each risk must be assessed individually because
organizations do not handle all risks in the same
manner. Management can use several approaches to respond to
risk, including risk avoidance, risk mitigation, risk transfer, and
risk acceptance.
Answer the following:
In general, what do you believe is the least attractive risk
approach for a small company? Explain your answer.
In general, what do you believe is the most attractive risk
approach for a government organization? Explain your answer.
response is the actions taken by management to reduce risk to an
acceptable level. Each risk must be assessed individually because
organizations do not handle all risks in the same
manner. Management can use several approaches to respond to
risk, including risk avoidance, risk mitigation, risk transfer, and
risk acceptance.
Answer the following:
In general, what do you believe is the least attractive risk
approach for a small company? Explain your answer.
In general, what do you believe is the most attractive risk
approach for a government organization? Explain your answer.