Question

you are managing the development of a data backup site in an area of the country known for hurricanes. the project team has assessed the risk and decided to purchase flood insurance. what type of risk management strategy are you using?

Answer 1

When an organization rejects risk, it avoids it. It is not permitted for the exposure to exist.

Simply refraining from the action that introduces danger does this. Choose a venture with less risk if you don't want to run the chance of losing your savings. Don't buy property; instead, lease or rent it if you wish to avoid the hazards involved with property ownership. Avoid manufacturing or selling a product if its use is dangerous. This approach is detrimental rather than beneficial. Dealing with several dangers might occasionally be done in an unsatisfactory manner.

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