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Accepting risk is the realization that a risk has the potential to cause more good than harm. Meaning that the risk might be minimal in comparison to the impact of the risk.

ex; if a risk includes new and old computer software working together, is it worth accepting the risk because the realization is you will have to upgrade your software system at some point?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M998494

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