MANAGEMENT

BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A risk that involves a possible injury to your health would be classified as a
A
personal risk
B
non-economic risk
C
liability risk
D
property risk
Explanation: 

Detailed explanation-1: -Personal risks are risks that directly affect an individual or family. They involve the possibility of the loss or reduction of earned income, extra expenses, and the depletion of financial assets.

Detailed explanation-2: -2. Personal risk: Examples of personal risk include bankruptcy, unemployment, arrest, and identity theft.

Detailed explanation-3: -Risks are normally classified as time (schedule), cost (budget), and scope but they could also include client transformation relationship risks, contractual risks, technological risks, scope and complexity risks, environmental (corporate) risks, personnel risks, and client acceptance risks.

There is 1 question to complete.