What Is the Simplest Way to Eliminate Risk

question 18

Multiple Choice

What is the simplest way to eliminate risk?

• A) Risk reduction
• B) Risk mitigation
• C) Risk avoidance
• D) Risk identification

---

Definitions:

Basic Questions

Fundamental inquiries that address the core aspects of a subject or problem.

Economy

A system of production, distribution, and consumption of goods and services within a certain geographical area or country.

Goods Produced

Refers to the outcomes of manufacturing or production processes within an economy, encompassing both tangible products and intangible services.

Value Created

The difference between the value of an entity's outputs and the cost of inputs used, indicating the economic value added by the entity.