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