VSFS Software Solutions Inc

question 49

Multiple Choice

VSFS Software Solutions Inc. is aware that its newly launched app is prone to certain risks and creates a contingency plan to counter the risk. Which generic risk strategy is the company adopting in this scenario?

• A) Passive acceptance
• B) Active acceptance
• C) Avoidance
• D) Transfer

---

Definitions:

Values

Principles or standards of behavior that guide the decision-making and lifestyle choices of individuals or societies.

Norms

Unwritten rules and expectations that guide behavior within a society or social group.

Lost Profit

Revenue that a business could have gained but was unable to due to some disrupting event or action.

Sales Contract

A legally binding agreement between a seller and a buyer specifying the terms of sale for goods or services.