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A design flaw in a new application was discovered by a software manufacturer. Company management decided to continue manufacturing the product with the flaw rather than recalling the software. Which of
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A design flaw in a new application was discovered by a software manufacturer. Company management decided to continue manufacturing the product with the flaw rather than recalling the software. Which of the following risk management strategies was adopted

User Vivere
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Answer:

The correct answer is: Risk acceptance.

Step-by-step explanation:

Risk acceptance or risk retention takes place within an organization when a certain risk is predictable or highly possible to happen but the firm decides to deal with it because the company can handle the situation. Typically, when the organization forecasts that the impact of the risk is small, they decide to take it instead of avoiding it.

User Pallavi Sonal
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