Risk Management Professional Exam Prep

Answer: A - Accept, mitigate, transfer and avoid are the four acceptable ways of dealing with risk. Remember that mitigating and reducing are synonyms in risk management, and that insuring is a form of transferring risk.

Key takeaway: We want you to remember these four options and consider them each time you consider what to do with a risk. Our natural tendency is to avoid or mitigate, but sometimes that is just not possible.