请问其他几个选项可以解释一下吗

问题如下：

The enterprise risk management process includes several stages. Which of the following procedures would take place during the risk assessment stage?

选项：

A.

Developing the following year’s budget for the risk management function.

B.

Using simulation analysis to estimate VaR.

C.

Purchasing insurance to mitigate a specific risk factor.

D.

Selecting a risk strategy compatible with the firm’s risk appetite.

解释：