Question: Companies that are developing a formalized risk management process may choose risk retention as a mitigation strategy. What does this mean? Organizations can refrain from

Companies that are developing a formalized risk management process may choose risk retention as a mitigation strategy. What does this mean? Organizations can refrain from activities that carry unacceptable risks Organizations can choose activities that reduce the severity of anticipated losses associated with certain risks Organizations can purchase insurance to avoid the costs associated with certain risks Organizations can choose to accept certain risks and any losses that may occur as a result

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