Tolerate, transfer, terminate or …?

Tolerate, transfer, terminate or …?
A . Take
B . Try
C . Test
D . Treat

View Answer

Answer: D

Explanation:

This is about risk, and the answer is ‘treat’.

Risk management strategies can be classified into ‘the 4 T’s’, which you need to know for your ex-am.

Treating the risk is essentially seeking to minimise the likelihood or impact of the risk. An example might be to carefully monitor key suppliers’ ongoing financial performance to minimise the likelihood of their going into liquidation during the course of a contract with us. Etc.