Tara Plc were discussing risk at a recent board meeting, the risk management committee had fed back the four main risks facing the company. The first risk related to a potential new venture that Tara had been looking into. The committee felt given the recent changes in the political climate, the risk had a high probability of occurrence and that Tara would struggle to survive if it did happen. The second risk, the committee fed back this was unlikely to occur and even if it did, the impact would be negligible. The third risk, they felt it was overall unlikely to occur, but they concluded that if it did happen that it would lead to closure of a significant proportion of the operations. The final risk, after much deliberation, was viewed as highly likely and would lead to closure. Using the TARA model, and dealing with the risk in order, how should Tara Plc respond to each of the risks they face? a. Avoid, reduce, avoid, transfer b. Transfer, reduce, accept, avoid c. Avoid, accept, transfer, avoid d. Reduce, accept, transfer, avoid