Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) The best strategy to treat and mitigate risk is avoiding the risk by avoiding the business
B) The best strategy to treat and mitigate risk is transferring the risk to another party, e. g. by transfer to an insurance company
C) The best strategy to treat and mitigate risk is to establish the appropriate processes for identifying, assessing, managing, monitoring and reporting risks
D) The best strategy to treat and mitigate risk is to reduce the negative effect of the risk, e. g. by hedging