Which risk response means accepting the consequences should a risk occur?

Which risk response means accepting the consequences should a risk occur?

• A. Avoidance
• B. Acceptance
• C. Transference
• D. Mitigation

Answer: (B)

Acceptance means you tolerate the risk as it is and plan to absorb the consequences if it occurs. You don’t take actions to avoid, transfer, or reduce it; instead, you acknowledge it and prepare—such as setting aside contingency reserves or identifying a fallback plan—so you’re ready to deal with whatever happens. This approach is appropriate when the risk’s probability or impact is within your tolerance or when the cost of actively addressing it isn’t justified. It contrasts with avoidance (eliminating the risk), transference (shifting the risk to another party), and mitigation (reducing the likelihood or impact).