Question

What is the preferred approach to risk mitigation?

Answer 1

Answer:

The correct option is;

Terminate

Explanation:

Termination of the risk is equivalent to elimination of the risk by avoiding the activity that brings about the risk or by using a different process that does not include the risk observed in the previous process option

When the reward far outweigh the risk, it may be decided to terminate or eliminate the risk and miss the reward and also terminate the likelihood of the losses to be incurred.