Which of the Following Would a Risk Manager Consider to Be

question 30

Multiple Choice

Which of the following would a risk manager consider to be circumstances where risk avoidance is appropriate?

• A) where it is possible to minimize risk by diversion to another
• B) where self-insurance or risk transfer is a considered option
• C) where the disadvantages would outweigh the advantages
• D) where the undesirable result of an activity is less than its advantages

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Definitions:

Limiting the Scope

The process of defining clear boundaries for a project or investigation to focus on specific objectives and manage resources effectively.

Defining

The act of explaining the meaning of a word, phrase, or concept, often to clarify its understanding.

Choosing Your Approach

Involves selecting the most effective strategy to achieve a specific goal or solve a particular problem, considering various factors like the audience, objectives, and context.

Twebinar

A webinar held over Twitter, where participants engage through tweets, often focusing on a specific topic or theme.