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:

Tolerate Failures

The willingness or capacity of an individual or organization to endure and learn from unsuccessful outcomes or errors.

Unskilled Labor

refers to work that requires no special training or skills, often associated with manual tasks.

Entrepreneurship

Willingness to take risks to create and operate a business.

Innovation

The process of creating, developing, and implementing new products, processes, or ideas to improve efficiency, effectiveness, or competitive advantage.