MANAGEMENT

BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The technique of assessing, minimizing risk and preventingaccidental loss:
A
accidental loss insurance
B
business management
C
risk management
D
auto insurance
Explanation: 

Detailed explanation-1: -Loss Prevention and Reduction This method of risk management attempts to minimize the loss, rather than completely eliminate it.

Detailed explanation-2: -Tools and Techniques The four common risk assessment tools are: risk matrix, decision tree, failure modes and effects analysis (FMEA), and bowtie model. Other risk assessment techniques include what-if analysis, failure tree analysis, and hazard operability analysis.

There is 1 question to complete.