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CYB 205 Infrastructure Administration
Q: Tom is conducting a business continuity planning effort for Orange Blossoms, a fruit orchard located in Central Florida. During the assessment process, the committee determined that there is a small risk of snow in the region but that the cost of implementing controls to reduce the impact of that risk is not warranted. They elect to not take any specific action in response to the risk. What risk management strategy is Orange Blossoms pursuing?
A: Risk acceptance
Explanation: According to the scenario, Orange Blossoms is pursuing a risk acceptance strategy. It occurs when an organization determines that the costs involved in pursuing other risk management strategies are not justified and they choose not to pursue any action.Answer C is incorrect. A risk mitigation strategy includes repairing or replacing the vulnerable system and is often called fixing or mitigating the risk.Answer D is incorrect. A risk transference strategy involves paying someone else to take on the work of repairs, reimbursements, or replacement of damaged systems if the risk event occurs.Answer A is incorrect. A risk avoidance strategy involves changing a business process so that the risk no longer applies.
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