One Approach to Risk Mitigation Is Simply to Accept It

question 27

True/False

One approach to risk mitigation is simply to accept it.

---

Definitions:

Consideration

The value exchanged between parties in a contract, which can be in the form of money, services, or goods, and is required for the contract to be legally binding.

Modification

A change or alteration to the terms of an existing agreement, requiring the consent of all parties involved.

Place of Delivery

The agreed-upon location where goods or services are to be delivered under the terms of a contract.

Widgets

Generic term often used to refer to a hypothetical product or any small device or gadget.