Question

What is the process of applying safeguards to avoid a negative impact? risk mitigation risk transfer risk analysis risk avoidance

Answer 1

Answer: risk avoidance

Explanation:

Risk avoidance is simply defined as the process by which safeguards are applied in order to avoid a negative impact. It should be noted that a risk avoidance strategy helps to eliminate all risk and organizations apply safeguards to both potential threats and vulnerabilities.

Risk avoidance helps to remove hazards, and the activities that'll have a negative impact on the business.