Q. When should a risk be avoided? (Solved)
1. When the risk event has a low probability of occurrence and low impact
2. When the risk event is unacceptable -- generally one with a very high probability of occurrence and high impact
3. When it can be transferred by purchasing insurance
4. A risk event can never be avoided
- b. When the risk event is unacceptable -- generally one with a very high probability of occurrence and high impact