BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Eight
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Six
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Five
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Three
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Detailed explanation-1: -There are five basic steps that are taken to manage risk; these steps are referred to as the risk management process. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.
Detailed explanation-2: -The five steps of RM-identify the hazards, assess the hazards, develop controls and make risk decisions, implement controls, and supervise and evaluate-are used across the Services to help them operate as a joint force.
Detailed explanation-3: -There are five core steps within the risk identification and management process. These steps include risk identification, risk analysis, risk evaluation, risk treatment, and risk monitoring.