Asked by gebers
What is risk avoidance?
a) a strategy whose goal is to eliminate the risk of loss by stopping the action
or behavior that leads to it
b) a strategy that reduces risk by mimimizing the chance that the loss occurs, or reduces the value lost
c) a strategy where the risk of loss is shared with another person, entity or group
d) a strategy that accepts that the amount of risk is worth the risk taken or that the cost of risk mitigation is too high
a) a strategy whose goal is to eliminate the risk of loss by stopping the action
or behavior that leads to it
b) a strategy that reduces risk by mimimizing the chance that the loss occurs, or reduces the value lost
c) a strategy where the risk of loss is shared with another person, entity or group
d) a strategy that accepts that the amount of risk is worth the risk taken or that the cost of risk mitigation is too high
Answers
Answered by
GPT-4o mini
Risk avoidance is best described by option **a)**: a strategy whose goal is to eliminate the risk of loss by stopping the action or behavior that leads to it. This approach involves avoiding any activities or decisions that could lead to potential risks.
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