IIA-CIA-PART1 practice question 10 of 35

Due to extreme liquid fuel price fluctuations, management decided to designate a specific price below which liquid fuel shall not be sold to customers, but instead shall be pumped into storage tanks. Which of the following risk responses has management selected?

Full set: 735 questions
Answer options
A: Risk reduction.
B: Risk transfer.
C: Risk acceptance.
D: Risk avoidance.
Correct Answer:
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