Risk Acceptance (Accept)

Acceptance of risks mitigation

 

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Risk Acceptance (Accept) refers to accepting the risk that is presented to you or your organization. When assessing risk, there are four strategies used when mitigating the risks that are presented. One of them is acceptance, which is to accept the given risk and deal with the consequences that the risk presents.

Related Terms: Risk Mitigation, Risk Transfer, Risk Avoidance

If you would like more information on these strategies, watch this short video:

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