Identify the two statements that are correct and explain the distinction between a risk response plan and a contingency plan.
A) A risk response plan is proactive, while a contingency plan is reactive.
B) A risk response plan focuses on identified risks, while a contingency plan deals with unexpected events.
C) A risk response plan is developed after the occurrence of a risk, while a contingency plan is put in place before any risk.
D) A risk response plan is synonymous with a contingency plan in risk management.