Which of the following statements is correct?

Last Updated on January 29, 2022 by Admin 3

Which of the following statements is correct?

  • The best strategy to treat and mitigate risk is avoiding the risk by avoiding the business
  • The best strategy to treat and mitigate risk is transferring the risk to another party, e. g. by transfer to an insurance company
  • The best strategy to treat and mitigate risk is to establish the appropriate processes for identifying, assessing, managing, monitoring and reporting risks
  • The best strategy to treat and mitigate risk is to reduce the negative effect of the risk, e. g. by hedging
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