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(i). Risk avoidance: eliminating a specific threat or risk, usually by eliminating its causes
(ii). Risk acceptance: accepting the consequences should a risk occur without trying to control it
(iii). Risk transference: shifting the consequence of a risk and responsibility for its management to a third party internal or external to the organization
(iv). Risk mitigation: reducing the impact of a risk event by reducing the probability of its occurrence
francis1897 answered the question on March 14, 2023 at 11:27
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