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A company reviews the regulatory requirements associated with a new product, and then company management elects to cancel production. Which of the following risk strategies is the company using in this scenario?
Correct Answer: A
In this scenario, the company has elected to cancel the production of a product after reviewing regulatory requirements. This decision reflects a risk avoidance strategy, which involves taking action to eliminate exposure to a risk by not engaging in the activity that could lead to it. By canceling production, the company avoids the regulatory and compliance risks altogether. CASP+ defines risk avoidance as a risk management strategy that involves stopping or avoiding actions that expose the organization to unacceptable levels of risk. References: * CASP+ CAS-004 Exam Objectives: Domain 1.0 - Risk Management (Risk Avoidance) * CompTIA CASP+ Study Guide: Risk Management Strategies and Risk Avoidance