An Organization Does Not Implement Countermeasures Against Information Threats; Instead

question 97

Multiple Choice

An organization does not implement countermeasures against information threats; instead it simply absorbs the damages that occur.This approach is called ________.

• A) risk acceptance
• B) risk reduction
• C) risk mitigation
• D) risk transference
• E) risk rescheduling

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Definitions:

Infinitely Price Elastic

Describes a situation where the quantity demanded or supplied changes by an unlimited amount in response to any change in price.

Total Revenues

The overall amount of money generated by a business from its normal business operations.

Total Costs

The complete amount of money spent by a business for producing or acquiring goods or services, including both fixed and variable costs.

Economic Profits

Economic profits are the financial gains that exceed the total costs of production, including both explicit and opportunity costs, indicating an above-normal return.