What is the correct definition of risk management?
- The process of transferring risks that cannot be eliminated or mitigated
- The process of identifying and assessing risk to determine the severity of threats
- The process of accepting risks that cannot be eliminated, mitigated or transferred
- The process of identifying and assessing risk to reduce the impact of threats and vulnerabilities
Explanation: Risk management is the formal process of continuously identifying and assessing risk in an effort to reduce the impact of threats and vulnerabilities.
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