GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To minimise hazards and issues that might create future business loss
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Because they are told to
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To give staff something to do
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To understand how to fix issues that arise
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Detailed explanation-1: -Proper risk assessments are crucial to preventing accidents in the workplace, cutting down on injuries and even saving lives. By highlighting specific hazards and potential threats, a risk assessment helps to generate appropriate awareness of them amongst both employees and managers.
Detailed explanation-2: -Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it.
Detailed explanation-3: -It allows the entrepreneur to identify and assess the risks that could potentially impact the success of the business venture. By conducting a thorough assessment, the entrepreneur can gain a better understanding of their business environment and make decisions that are more informed and aligned with their goals.