Discover the four appropriate responses to risks covered in the CompTIA CLO-002 certification exam. Learn how to effectively mitigate, accept, avoid, and transfer risks.
Table of Contents
Question
Which of the following are the appropriate responses to risks?
A. Mitigate, accept, avoid, validate
B. Migrate, accept, avoid, transfer
C. Mitigate, accept, avoid, transfer
D. Migrate, accept, avoid, validate
Answer
The four appropriate responses to risks, as covered in the CompTIA CLO-002 certification exam, are:
C. Mitigate, accept, avoid, transfer
Explanation
Here’s a detailed explanation of each response:
- Mitigate: This involves taking steps to reduce the likelihood or impact of a risk. Mitigation strategies may include implementing security controls, improving processes, or providing training to minimize the risk’s potential effects.
- Accept: Sometimes, the cost or effort required to mitigate a risk may outweigh the potential benefits. In such cases, an organization may choose to accept the risk and continue operations, while monitoring the risk closely.
- Avoid: Risk avoidance means deciding not to engage in activities or processes that expose the organization to a particular risk. This may involve discontinuing a product line, declining to enter a new market, or choosing not to work with a particular vendor.
- Transfer: Transferring risk involves shifting the potential impact of a risk to another party. This can be done through insurance policies, contractual agreements, or outsourcing certain functions to third parties who are better equipped to manage the associated risks.
Options A, B, and D are incorrect because they include “validate” or “migrate,” which are not among the four appropriate risk responses covered in the CompTIA CLO-002 exam.
Understanding these risk response strategies is crucial for effective risk management and decision-making in an organization.
CompTIA CLO-002 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the CompTIA CLO-002 exam and earn CompTIA CLO-002 certification.