Question: Mitigation, as a risk management strategy is when: Multiple Choice A business reduces its services in all cases. A business creates a strategy to minimize

Mitigation, as a risk management strategy is when:
Multiple Choice
A business reduces its services in all cases.
A business creates a strategy to minimize losses or damages as a result of an unforeseen event before it happens.
The business does nothing.
A business chooses not to have a contingency plan in place.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!