Question

All of the following are alternative risk management techniques EXCEPT:

A) ignoring it
B) retaining it
C) transferring it
D) avoiding it

Answer 1

All of the following are alternative risk management techniques EXCEPT ignoring it.

Step-by-step explanation:

All of the following are alternative risk management techniques EXCEPT:

1. Ignoring it: This is not a valid risk management technique as it involves disregarding potential risks without taking any action to mitigate or address them.
2. Retaining it: This refers to accepting the risk and taking measures to handle it internally within the organization.
3. Transferring it: This involves transferring the risk to another party, such as through insurance or contractual agreements.
4. Avoiding it: This is a risk management technique where the organization actively takes steps to eliminate or avoid the risk completely.

Therefore, the correct answer is A) ignoring it as it is not a valid risk management technique.