What is risk reduction?(1 point) Responses A strategy whose goal is to eliminate the risk of loss by stopping the action or behavior that leads to it. 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 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 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.

Question

What is risk reduction?(1 point) Responses  A strategy whose goal is to eliminate the risk of loss by stopping the action or behavior that leads to it. 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 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 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.

GPT 3.5 · Answer

A strategy that accepts that the amount at risk is worth the risk taken or that the cost of risk mitigation is too high.