What type of risk management is used when a risk is identified and evaluated, but it is determined that the cost of the technology needed to reduce the risk is too expensive and will not be purchased?

What type of risk management is used when a risk is identified and evaluated, but it is determined that the cost of the technology needed to reduce the risk is too expensive and will not be purchased?




a. Risk mitigation

b. Risk avoidance

c. Risk transference

d. Risk acceptance


Answer: d. Risk acceptance


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