Risk Avoidance
Risk Retention
Risk Reduction
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is D. All of the above.
Risk avoidance is the process of eliminating or reducing the likelihood of a risk occurring. This can be done by changing the way a process is done, or by using different materials or equipment.
Risk retention is the decision to accept the consequences of a risk if it occurs. This can be done by setting aside money to cover potential losses, or by purchasing insurance.
Risk reduction is the process of making a risk less likely to occur, or less severe if it does occur. This can be done by taking steps to improve safety, or by implementing contingency plans.
Each of these methods has
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