In my opinion, I would say that avoidance is the best option for high severity of risk because this level of risk is something that can have detrimental effects on a business. A s Benjamin Franklin once stated, ” An ounce of prevention is worth a pound of cures.” Companies should look to prevent high risks because if those risks cause those effects, more effort and time would be need to recover and choose another option to move forward. Mitigation should be relied upon to address low-risk situations because working to reduce the effects of low-cost situations is something that is affordable. If there is potential of high-risk involving the production and marketing of a medical device product, then the best course of action would be to prevent such risks from forming in the first place. I think that Transferance does not reduce thee risk level simply because it doesn’t involve any work on the problem itself or change the nature of it. Simply, it just becomes another person’s problem as the name implies. I would rely upon this method if I no longer have the resources to address the risk or if the problem is beyond my ability to solve it.