Question: Explain the difference between avoiding a risk and retaining a risk. Explain the difference between risk mitigation and contingency planning. What are the major differences

  • Explain the difference between avoiding a risk and retaining a risk.
  • Explain the difference between risk mitigation and contingency planning.
  • What are the major differences between managing negative risks and managing positives risks (opportunities)? Try to come up with an example of a positive risk.

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