BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Define Risk Management
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The degree of injury, property damage, or other mission imparting factors
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Any existing or potential condition that can cause injury, illness, or death.
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The process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk costs with mission benefits.
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the identification and assessments of an individual hazard or all identified hazards combined to complete a task.
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Explanation:
Detailed explanation-1: -Risk management is the process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk costs with mission benefits.
Detailed explanation-2: -Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These risks stem from a variety of sources, including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.
Detailed explanation-3: -Risk management is the process of identifying, assessing and controlling financial, legal, strategic and security risks to an organization’s capital and earnings.
There is 1 question to complete.