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What is risk reduction?
• A strategy whose goal is to eliminate the risk of loss by stopping the action or behavior that leads to it.
• A strategy that reduces risk by minimizing the chance that the loss occurs or reduces the value lost.
• A strategy where the risk of loss is shared with another person, entity or group.
• A strategy that accepts that the amount at risk is worth the risk taken or that the cost of risk mitigation is too high.
Bot GPT 3.5
answered
1 year ago
1 year ago