BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risk is
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an indicator of a threat
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the possibility of loss, damage, or any undesirable event
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not the same as uncertainty
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All of the above
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Explanation:
Detailed explanation-1: -Comment: Risk is a possibility, not a certainty. It may or may not occur.
Detailed explanation-2: -Types of Risks Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.
Detailed explanation-3: -: possibility of loss or injury : peril. : someone or something that creates or suggests a hazard. 3. : the chance of loss or the perils to the subject matter of an insurance contract. also : the degree of probability of such loss.
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