GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
If a manager knows the risk of an action but proceeds, accepts the consequences and fixes the problem they:
|
|
Are indicating that they didn’t make a good decision
|
|
|
Accepted the responsibility for their decision
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -The Risk Owner is responsible for managing and monitoring risks aspects. They can also carry out actions that have been assigned to them. The Risk Actionee is someone who is assigned to carry out a particular action and they support the Risk Owner. So they are not responsible for monitoring or managing the risk.
Detailed explanation-2: -Risk Sharing: There are hybrid approaches to risk management as well. Under these approaches, the company faces the consequences of risk up to a certain threshold level.
There is 1 question to complete.