MANAGEMENT

BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which one IS NOT the Risk Management Process?
A
Assessment
B
Monitoring
C
Internal Environment
D
Identification
Explanation: 

Detailed explanation-1: -Explanation. Risk elimination is not a type of risk management strategies.

Detailed explanation-2: -The internal environment establishes the tone of the organisation, influencing risk appetite, attitudes towards risk management and ethical values. Ultimately, the company’s tone is set by the board.

Detailed explanation-3: -The 4 essential steps of the Risk Management Process are: Identify the risk. Assess the risk. Treat the risk. Monitor and Report on the risk.

There is 1 question to complete.