1-9.4 Risk Response and Treatment Flashcards
1
Q
Level of risk an organization is willing to accept in pursuit of its mission
A
Risk Appetite
2
Q
Assigning Risk to another party (insurance)
A
Risk Transfer
3
Q
Selecting one or more options for addressing an identified risk
A
Risk Treatment
4
Q
Reducing risk to an acceptable level
A
Risk Mitigation
5
Q
Formal acknowledgement that a risk has been identified, but it is not feasible or practical to address it.
A
Risk Exception
