Module 4: Discussion Forum
Risk acceptance and risk control are two strategies that organizations utilize to deal with risk. Risk control focuses on eliminating, reducing, or mitigating risk, while risk acceptance strategy determines and specifies the level of risk that an organization is willing to accept. As one can imagine, it is not possible to prevent or protect against all risk.
Taking into consideration the material from this module, under what circumstances should risk control strategies and/or risk acceptance strategies be applied? Address the question in a general way and also provide examples.
Be sure to post an initial, substantive response by Thursday at 11:59 p.m. MST and respond to 2 or more peers with substantive responses by Sunday at 11:59 p.m. MST. A substantive initial post answers the question presented completely and/or asks a thoughtful question pertaining to the topic. Substantive peer responses ask a thoughtful question pertaining to the topic and/or answer a question (in detail) posted by another student or the instructor.