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

Question

lesantik [10]

4 years ago

7

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

e

Business

1 answer:

natima [27] · Answer 1 · 2022-01-12T22:46:14+03:00

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.