Upon completing a risk analysis, a company has four different approaches to addressing risk. Which approach it takes will be based on costs, available options, and adherence to any regulatory requirements from independent audits.
Which of the following groupings correctly represents the four possible approaches?
A. Accept, avoid, transfer, mitigate
B. Accept, deny, transfer, mitigate
C. Accept, deny, mitigate, revise
D. Accept, dismiss, transfer, mitigate
Which of the following groupings correctly represents the four possible approaches?
A. Accept, avoid, transfer, mitigate
B. Accept, deny, transfer, mitigate
C. Accept, deny, mitigate, revise
D. Accept, dismiss, transfer, mitigate