BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The technique of assessing, minimizing risk and preventingaccidental loss:
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accidental loss insurance
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business management
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risk management
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auto insurance
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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.
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