Identifying residual risk is MOST important to which of the following concepts?
Risk acceptance is often the choice you must make when the cost of implementing any of the other fourchoices exceeds the value of the harm that would occur if the risk came to fruition. To truly qualify as
acceptance, it cannot be a risk where the administrator or manager is unaware of its existence; it has to be an
identified risk for which those involved understand the potential cost or damage and agree to accept it. Residual
risk is always present and will remain a risk thus it should be accepted (risk acceptance)