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A company assesses the probability of a certain risk as low. Also, the cost of insuring against the risk would be greater over time than

A company assesses the probability of a certain risk as low. Also, the cost of insuring against the risk would be greater over time than the total losses sustained. The best approach to practice for this type of situation is: a. Risk Mitigation Planning b. Risk Avoidance Strategy c. Risk Reduction Strategy d. Risk Transfer Strategy e. Risk Acceptance Strategy

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