Risk acceptance in composite risk management is a determination of what is an acceptable risk. One needs to determine what loss is acceptable and what loss is probable to determine if the loss is an acceptable risk.

A decision based on what constitutes an acceptable level of risk

An acceptable risk is a risk that you are willing to take. If you cross the street, you might be hit by a car, but most people are willing to cross the street anyway. The risk is acceptable.

An acceptable risk is a risk that you are willing to take. If you cross the street, you might be hit by a car, but most people are willing to cross the street anyway. The risk is acceptable.

A decision based on what constitutes an acceptable level of risk