BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communication
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Coalition
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Consultation
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Compromise
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Detailed explanation-1: -Communication seeks to promote awareness and understanding of risk, whereas consultation involves obtaining feedback and information to support decision-making.
Detailed explanation-2: -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.
Detailed explanation-3: -The basic methods for risk management-avoidance, retention, sharing, transferring, and loss prevention and reduction-can apply to all facets of an individual’s life and can pay off in the long run. Here’s a look at these five methods and how they can apply to the management of health risks.
Detailed explanation-4: -The risk management process consists of three parts: risk assessment and analysis, risk evaluation and risk treatment.