The correct answer is the option B: A risk response is part of the actual implementation plan and action is taken before the risk can materialize, while a contingency plan goes into effect only after the risk has transpired.
On the one hand, a <em>risk response</em> involves the process of controlling risks that are already known by the people who make the plan in the first place and therefore that this type of concept includes the idea of doing something before the worst happen and therefore to avoid the risks.
On the other hand, a <em>contingency plan</em> involves the process of planning for an unexpected situation that did not happen before and was not established in the original plan, therefore that this type of concept includes the idea of acting over the margin due to the exceptional situation that occurs.
I don’t understand this question
deductions and credits can <u>decrease</u><u> </u>what you owe in taxes each year