If you choose to take responsibility for the negative results of a risk, you are using:
Understand the Problem
The question is asking about risk management principles and specifically inquiring about the correct term used when taking responsibility for the negative outcomes of a risk.
Answer
risk assumption
The final answer is risk assumption.
Answer for screen readers
The final answer is risk assumption.
More Information
Risk assumption occurs when an individual or organization decides to accept and acknowledge the potential negative consequences of a risk.
Tips
Confusing risk assumption with risk avoidance or reduction can lead to incorrect answers. Make sure to understand each term clearly.
Sources
- Brainly - Risk Management - brainly.com
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