4 steps in addressing risk

4 steps in addressing risk

• A. Avoid, Prevent, Mitigate, Transfer
• B. Identify, Analyze, Plan, Resolve
• C. Eliminate, Deflect, Absorb, Transfer
• D. Detect, Decide, Act, Review

Answer: (A)

Addressing risk involves choosing how to handle the risk once it’s identified. The four main ways to deal with risk are avoid (eliminate the activity that creates the risk), prevent (reduce the likelihood of the risk occurring), mitigate (lessen the impact if the risk happens), and transfer (shift the risk to someone else, such as through insurance or contracts). This combination captures the standard risk-treatment choices a CBO would consider when managing district risks like safety, compliance, and financial exposure. Other choices mix up steps from broader risk-management processes (like identifying or analyzing risk) or describe a continuous improvement loop, rather than the specific four treatment strategies.

Addressing risk involves choosing how to handle the risk once it’s identified. The four main ways to deal with risk are avoid (eliminate the activity that creates the risk), prevent (reduce the likelihood of the risk occurring), mitigate (lessen the impact if the risk happens), and transfer (shift the risk to someone else, such as through insurance or contracts). This combination captures the standard risk-treatment choices a CBO would consider when managing district risks like safety, compliance, and financial exposure. Other choices mix up steps from broader risk-management processes (like identifying or analyzing risk) or describe a continuous improvement loop, rather than the specific four treatment strategies.