BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Principles of risk management include (Unit 33-KLO 2-4)
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Accept no unnecessary risk.
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Anticipate and manage risk by planning.
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Make risk decisions at the right level
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All of above
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Explanation:
Detailed explanation-1: -While risk professionals are well familiar with the core principles of risk management-risk identification, risk analysis, risk control, risk financing and claims management-they are certainly not the only ones to rely on them in their daily thinking and decision-making.
Detailed explanation-2: -Principles of Risk Management The process should create value. It should be an integral part of the organizational process. It should factor into the overall decision making process. It must explicitly address uncertainty. It should be systematic and structured.
There is 1 question to complete.