BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A risk that arises because of the potential actions of individuals, groups, or organizations
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liability
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economic risk
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human risk
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natural risk
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Explanation:
Detailed explanation-1: -Human Risk encompasses loss to an organisation caused by human factors including the decisions and non-decisions, actions and non-actions of its people. “Loss” includes both financial and non-financial loss. Human Risk can also be caused by how an organisation manages its people and what it demands from them.
Detailed explanation-2: -Health, life, critical illness, retirement cover, travel hazards, can be identified as group risks affecting a group of employees.
Detailed explanation-3: -Types of Risks Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.
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