BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one IS NOT the Risk Management Process?
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Assessment
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Monitoring
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Internal Environment
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Identification
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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.