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Which control mechanism is the process by which an organization reduces the likelihood of a risk event occurring or mitigates the effects should it occur?
Correct Answer: B
Risk control is the control mechanism that is the process by which an organization reduces the likelihood of a risk event occurring or mitigates the effects should it occur. Risk control is the process of implementing measures or actions to modify or influence the risk level of an organization. Risk control can involve various strategies, such as avoidance, reduction, transfer, sharing, retention, or acceptance. Risk control can help to improve the organization's resilience and performance. Verified References: https://www.investopedia.com /terms/r/risk-control.asphttps://www.thebci.org/training-qualifications/good-practice-guidelines.html
