What is the difference between risk mitigation and risk acceptance?

Question

Options

• ARisk mitigation is the process of transferring a risk to another party, while risk acceptance is the
• BRisk mitigation is the process of reducing a risk, while risk acceptance is the process of
• CRisk mitigation is the process of accepting a risk, while risk acceptance is the process of
• DRisk mitigation is the process of diminishing a risk, while risk acceptance is the process of

• A
  5% (1)
• D
  95% (21)

Explanation

Risk mitigation involves taking actions to diminish the likelihood or impact of a risk - implementing controls, safeguards, or countermeasures to reduce exposure. Risk acceptance means acknowledging that a risk exists and consciously deciding to accept it without further action, typically because the cost of mitigation exceeds the potential impact. Option D correctly frames mitigation as 'diminishing' a risk. Options A and C misdefine mitigation (transferring risk is risk transference; accepting risk is risk acceptance - not mitigation). Option B is partially correct but D is the more precise and complete distinction.

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