Which term is commonly used to describe reducing negative consequences of risk through proactive actions?

Which term is commonly used to describe reducing negative consequences of risk through proactive actions?

• A. Risk denial
• B. Risk mitigation
• C. Risk transference
• D. Risk intensification

Answer: (B)

Reducing negative consequences of risk through proactive actions is risk mitigation. This means identifying potential threats and putting preventive measures in place before an incident occurs to lessen both the likelihood of the event and its impact. In physical asset protection, that can include controls like access barriers, surveillance, alarms, redundancy, and training to reduce the chance of harm or loss. Denial ignores risk and doesn’t lower its impact. Transference shifts the burden to someone else (for example, insurance) rather than reducing what could happen. Intensification would worsen risk rather than lessen it. So the proactive, preventive approach aligned with reducing consequences is risk mitigation.

Reducing negative consequences of risk through proactive actions is risk mitigation. This means identifying potential threats and putting preventive measures in place before an incident occurs to lessen both the likelihood of the event and its impact. In physical asset protection, that can include controls like access barriers, surveillance, alarms, redundancy, and training to reduce the chance of harm or loss.

Denial ignores risk and doesn’t lower its impact. Transference shifts the burden to someone else (for example, insurance) rather than reducing what could happen. Intensification would worsen risk rather than lessen it. So the proactive, preventive approach aligned with reducing consequences is risk mitigation.