Which of the following is a task available in the Advanced Risk application for responding to risk?

The task available in the Advanced Risk application for responding to risk is risk avoidance. This concept refers to the process of changing plans to sidestep potential risks entirely, thus eliminating the risk rather than managing or mitigating it. In risk management, avoidance is a proactive step taken to prevent identified risks from impacting the organization, which is essential in maintaining a strong risk posture.

Risk avoidance is distinct from taking other actions, such as risk control, which focuses on implementing measures to manage the risk if it cannot be avoided, or risk assessment, which involves evaluating and prioritizing risks to determine how best to address them. Risk reporting is another crucial aspect of risk management, which entails documenting and communicating risk-related information to stakeholders but does not directly respond to risks as avoidance does.