MANAGEMENT

BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Understanding the types of risk you will face and their potential consequences is called
A
risk management
B
risk assessment
C
risk analysis
D
risk administration
Explanation: 

Detailed explanation-1: -What is a risk assessment? Risk assessment is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation).

Detailed explanation-2: -There are two main types of risk assessment methodologies: quantitative and qualitative.

Detailed explanation-3: -Explanation: Risk assessment helps to understand possible problems and provides alternatives as well as control measures to reduce the accident.

There is 1 question to complete.