The PRIMARY objective of a risk response strategy should be:
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A. B. C. D.A.
The PRIMARY objective of a risk response strategy is to select and implement appropriate controls to manage and mitigate the identified risks. Therefore, option D - appropriate control selection - is the correct answer.
Risk response strategies aim to reduce the likelihood and impact of identified risks. Risk can be responded to in several ways, such as accepting, transferring, avoiding, mitigating, or exploiting. These strategies should be selected based on an organization's risk appetite, risk tolerance, and available resources.
However, the primary objective of risk response strategies should be to select and implement appropriate controls to manage the identified risks. Control selection involves evaluating and prioritizing potential controls and then implementing the most effective ones. Control selection should be based on the level of risk, cost, feasibility, and potential impact on the organization.
Threat reduction is one of the outcomes of implementing appropriate controls to manage and mitigate risks. However, it is not the primary objective of a risk response strategy. Similarly, senior management buy-in and regulatory compliance are essential but secondary objectives of risk response strategies.
In conclusion, the primary objective of a risk response strategy is to select and implement appropriate controls to manage the identified risks.