What does the term "mitigation" mean in risk management?Question 47Select one:a.Reducing the probability and/or impact of a riskb.Exaggerating the risks for emphasisc.Accepting the risks without taking any actiond.Transferring all risks to another party

Risk _____ refers to reducing the impact of a risk event by reducing the probability of its occurrence

In addressing a risk that has low potential impact and relatively high cost of mitigation or reduction, which strategy will accept the risk and its consequences?risk avoidancerisk retentionrisk sharingrisk reduction

Mitigation refers to: “Technological change and substitution that reduce resource inputs and GHG emissions per unit of output. Although several social, economic and technological policies would produce an emission reduction, with respect to climate change, mitigation means implementing policies to reduce GHG emissions and enhance carbon sinks.”TrueFalse

What does risk control involve?Avoiding the riskEliminating the risk as far as is reasonable practicableAccepting the riskNone of the above

Fill in the blank: Risk management is the process of _____.1 pointidentifying and evaluating potential risks and issues that could impact a projectidentifying and initiating projects that have a low potential for riskidentifying and avoiding projects that have a high potential for riskidentifying and mitigating risks and issues that are already impacting a project4.Question 4