Question

Your company decides not to implement security procedures because employees refuse to comply anyway. this is an example of risk _________.

Answer 1

Company decides not to implement security procedures because employees refuse to comply it anyway. this is an example of Acceptance risk also known as risk retention.

The risk of acceptance usually occurs when a business or individual acknowledges the potential loss from a risk. A risk is not enough to avoid spending money. It is also known as "risk retention". These kind of risk management commonly found in investment fields or business.  Small risk do not have ability to catastrophic or way too expensive. They are worth accepting and acknowledgment problems. This tool is very valuable. Risk acceptance is the self insurance form. These helps to avoid risk easily.

Learn more about Risk Acceptance.

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