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

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

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