Final answer:
The correct answer is B) Contingency plan. A contingency plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies.
Step-by-step explanation:
The correct answer is B) Contingency plan. A contingency plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies. It is a proactive approach to risk management, preparing for potential emergencies or unforeseen events that may disrupt normal operations. For example, a contingency plan for a company may include strategies to deal with a natural disaster, such as a hurricane or earthquake, or a cyber attack.