BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Service providers should not base their core business model on risk management principles
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Expert-Verified Answer. Explanation: Apply the RM process to situations where serious injury might occur is not a RM (Risk Management) principle. Risk Management :: A decision-making process for managing day-to-day schedules when there are conflicts.
Detailed explanation-2: -While risk professionals are well familiar with the core principles of risk management-risk identification, risk analysis, risk control, risk financing and claims management-they are certainly not the only ones to rely on them in their daily thinking and decision-making.
There is 1 question to complete.