BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the main principle of risk management? (Unit 33-KLO 4)
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Ensuring the safety of people.
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Forecasting unfortunate events.
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Maintaining financial stability.
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Reducing the effect of uncertainty on a business.
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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: -Explanation: The main goal of risk management is to reduce the threats from an activity so that harm to the surrounding is minimized.
There is 1 question to complete.