BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In order for a risk to materialize, a ____ must occur.
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a party
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an event
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an occasion
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None of the above
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Explanation:
Detailed explanation-1: -Risk materialisation Materialisation occurs when the thing we thought was possible actually happens. For example, if and when the string breaks on my guitar. Once that string snaps, the risk has materialised.
Detailed explanation-2: -The event risk management process As part of any successful event planning process, hazards should be identified and risks assessed and controlled to minimize the potential for injury or harm to persons or property.
Detailed explanation-3: -The 4 essential steps of the Risk Management Process are: Identify the risk. Assess the risk. Treat the risk. Monitor and Report on the risk.
There is 1 question to complete.