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You identified a risk response strategy for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example of which risk response strategy?
A. Transfer
B. Acceptance
C. Avoid
D. Mitigate
Option D is the correct choice.
The risk is a type of riks mitigation. Since, due to delay company may not get the economic benefit or sell the product if the equipment is a necessary item for production. There may also be a risk of business loss because of delay of delivery.
Thanknyou for the invitation
I agree the option D
Answer: DExplanation: Mitigation attempts to reduce the impact of a risk event should it occur. Making plans to arrange for the leased equipment reduces the consequences of the risk.
