BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Understanding the types of risk you will face and their potential consequences is called
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risk management
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risk assessment
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risk analysis
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risk administration
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Explanation:
Detailed explanation-1: -What is a risk assessment? Risk assessment is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation).
Detailed explanation-2: -There are two main types of risk assessment methodologies: quantitative and qualitative.
Detailed explanation-3: -Explanation: Risk assessment helps to understand possible problems and provides alternatives as well as control measures to reduce the accident.
There is 1 question to complete.