BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which factor is not normally considered in risk control?
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Cost
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Quality
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Effort
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None of the above
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Explanation:
Detailed explanation-1: -Risk control methods include avoidance, loss prevention, loss reduction, separation, duplication, and diversification.
Detailed explanation-2: -Answer is “not watching for new Risk".
Detailed explanation-3: -The correct answer is (d) eliminating all risks.
Detailed explanation-4: -What are the main types of control? Controls are usually categorised as either Preventive, Detective or Reactive. This is based primarily on where in a risk’s life do they apply and as a result, do they modify the likelihood and or the impact of the risk.
There is 1 question to complete.