08 Nov quantity and nature
Respond to the following in a minimum of 175 words:
Risk appetite is the quantity and nature of risk that organizations are willing to accept as they evaluate trade-offs between “perfect security” and unlimited accessibility. Often when a risk is examined in detail, the result or the risk appetite can result in a decision to expand their capacity to handle that risk in order to take advantage of the business opportunity, or it might result in a decision not to move forward with that opportunity.
Consider risks that exist at a typical small business. Provide an example of determining the risk appetite of the small business to a specific risk. How would you determine what to examine, what data to use in that examination, and what the risk appetite is?
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