(Answered) : Replay To Classmate 1

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Q: Give one example of a risk for each “T” in Figure 15.1, and justify why you would select that “T” as a way to manage that specific risk taking into consideration the impact and likelihood of each risk. So, you will identify one risk that you will transfer, another that you will terminate, etc.

1) Tolerating Risk is when an institution or an organization cannot afford the cost of reducing or mitigating the risk at the same time these risks are considered minor/acceptable to the organization and will not affect the overall