Risk acceptance and risk control are two strategies that organizations utilize to deal with risk. Risk control focuses on eliminating, reducing, or mitigating risk, while risk acceptance strategy determines and specifies the level of risk that an organization is willing to accept. As one can imagine, it is not possible to prevent or protect against all risk.
what circumstances should risk control strategies and/or risk acceptance strategies be applied? Address the question in a general way and also provide examples.
Discussion should be at least 250 words and include at least two citation and reference for each Exercise, formatted using APA 6 requirements.