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30 December, 21:20

A company has decided to sell off a business unit as the management believes it cannot manage the associated risk (s) in a cost-beneficial manner. Which of the following risk response alternatives is represented by this example? a. Transferb. Avoidc. Acceptd. Retain

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  1. 30 December, 23:17
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    Answer: Option B

    Explanation: The risk response represented in this case is avoiding the problem, as the company is selling the business unit and is leaving every authority and scope of potential business loss or profit.

    Avoiding the risk, in simple words, can be defined as making the probability of potential risk happening to zero.

    From the above explanation we can conclude that option B is the right answer.
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Home » Business » A company has decided to sell off a business unit as the management believes it cannot manage the associated risk (s) in a cost-beneficial manner. Which of the following risk response alternatives is represented by this example? a. Transferb. Avoidc.
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