Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following statement: Sometimes, it may be more cost - effective to accept and manage a certain level of risk, even if other risk
Consider the following statement:
"Sometimes, it may be more costeffective to accept and manage a certain level of risk, even if other risk management methods are available, based on the likelihood and severity of the risks involved.
This correspond to which risk treatment technique?
Select one:
a
Spreading Sharing
b
Loss prevention and reduction
c
Retention and Acceptance
d
Transfer
e
Avoidance Elimination
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started