What method of dealing with risk occurs when individuals do

What method of dealing with risk occurs when individuals do a cost benefit analysis and determine that the cost of the benefits outweigh the cost of the potential loss?

A. Risk reduction

B. Risk rejection

C. Risk transference

D. Risk acceptance

Solution

What method of dealing with risk occurs when individuals do a cost benefit analysis and determine that the cost of the benefits outweigh the cost of the potential loss?

Answer :-

D. Risk acceptance

Explanation :-

Risk acceptance method dealing with risk occurs when individuals do a cost benefit analysis and determine that the cost of the benefits outweigh the cost of the potential loss Because Risk acceptance states that the risk has been analyzed and the individuals responsible have decided that they will accept such risk.