Question: Which type of risk management strategy involves reducing the likelihood of a risk occurring? * Transfer Avoidance Mitigation Acceptance

Which type of risk management strategy involves reducing the likelihood of a risk occurring?*
Transfer
Avoidance
Mitigation
Acceptance

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!

Q:

Which risk management strategy involves reducing the likelihood or impact of a risk? A . Risk Avoidance B . Risk Transfer C . Risk Mitigation D . Risk Acceptance

Q:

Test 1. A traditional procurement method for selecting sellers is "lowest cost." What is the PMBOK's term for this method of seller selection? A. Minimum cost possible B. Least cost C. Cheapest...

Q:

Test 1. A traditional procurement method for selecting sellers is "lowest cost." What is the PMBOK's term for this method of seller selection? A. Minimum cost possible B. Least cost C. Cheapest...

Q:

Exam 1. A traditional procurement method for selecting sellers is "lowest cost." What is the PMBOK's term for this method of seller selection? A. Minimum cost possible B. Least cost C. Cheapest...

Q:

Exam 1. A traditional procurement method for selecting sellers is "lowest cost." What is the PMBOK's term for this method of seller selection? A. Minimum cost possible B. Least cost C. Cheapest...

Q:

Multiple Choice Questions Answer 1. A traditional procurement method for selecting sellers is "lowest cost." What is the PMBOK's term for this method of seller selection? A. Minimum cost possible B....

Q:

Which of the following is NOT a core function of operations management? (a) Planning and controlling operations (b) Developing an operations strategy (c) Designing products and services (d)...

Q:

Which of the following is NOT a type of operations layout? ( a ) Product layout ( b ) Process layout ( c ) Fixed layout ( d ) Flexible layout Which of the following is NOT a type of inventory control...

Q:

The supply chain system has the capability to recover its self after its disruption Question 5 options: A) Resilience B) Vulunerability C) Strenght D) Flexibility Question 6 (2 points) Saved...

Q:

Which risk management technique involves reducing the probability or impact of a negative event through proactive measures? A ) Risk avoidance B ) Risk transfer C ) Risk mitigation D ) Risk acceptance

Q:

What is the purpose of a statement of cash flows?

Q:

Give the product that would be obtained from the reaction of cholesterol with each of the following reagents: a. H2O,H+ b. BH3 in THF, followed by H2O2 + HO- c. H2, Pd/C d. Br2 + H2O e. Peroxyacetic...

Q:

2. All senators are well liked. Also, if there are any well-liked senators, then OBrien is a voter. Th erefore, if there are any senators, then OBrien is a voter. (S, W, V) Translate the following...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...