risk management strategies
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/6
There's no tags or description
Looks like no tags are added yet.
Last updated 3:23 PM on 9/6/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
7 Terms
1
New cards
risk avoidance
prevents a risk from occuring by avoiding anything that could cause the event
2
New cards
risk mitigation
aims to reduce the impact or likelihood of a risk
3
New cards
risk transfer
assigns the risk to a third party, shifting financial responsibility for the risk to someone else
4
New cards
risk acceptance
a “do nothing” approach that accepts the consequences of a risk if it were to occur
5
New cards
risk exploitation
taking steps to ensure that the event occurs
6
New cards
risk enhancement
maximizes the positive impact of a risk
7
New cards
risk sharing
finds others who would benefit from the risk and share it
Note 
Flashcards (44)