Risk treatment is best described as a process to address a risk by choosing to:Select one:a.Avoid or remove itb.Accept it with modificationc.Accept it without modificationd.All of the above

What are four possible actions that you can take in response to an identified risk? Group of answer choicesAccept / Mitigate / Transfer / AvoidAnalyse/ Insure / Implement / ReviewAccept / Analyse / Treat / TransferTreat / Report / Insure / Cancel

When selecting amongst possible risk treatment options an organisation should consider a number of factors in their decision. Which of the following statements is TRUE?Select one:a.Risk treatments when carefully designed and implemented will produce the expected outcome.b.Choice of risk treatment should be based only on cost-benefit analysis.c.When selecting risk treatment options, the organisation should consider the values, perceptions and potential involvement of stakeholders and the most appropriate ways to communicate and consult with them.d.The selection of risk treatment options should achieve elimination of the risk.

What does risk control involve?Avoiding the riskEliminating the risk as far as is reasonable practicableAccepting the riskNone of the above

Which of the following technique ensures that the impact of risk will be lessa. Risk Avoidance Techniqueb. Risk Contingency Techniquec. Risk Mitigation Techniqued. All of the abovee. None of these

Question 7Fill in the blank: The four common ways to mitigate risk include _____.1 pointaccept it, disregard it, reduce or control it, and transfer itaccept it, ignore it, reduce or control it, and transfer itavoid it, accept it, disregard it, and transfer itavoid it, accept it, reduce or control it, and transfer it