All of the following statements about the administration of a risk management program are true EXCEPT
A)The risk manager is an important part of a firm's management team.
B)A risk management policy statement can be used to educate top executives about the risk management process.
C)If a risk management program is properly designed,periodic review of the program is unnecessary.
D)In order to properly identify loss exposures,the risk manager needs the cooperation of other departments.

Question

Quizplus · Accepted Answer

Regular review of a risk management program is necessary to ensure that the program remains effective and relevant. Risk exposures and their impact on the organization can change over time, so periodic review is important to identify and address any new or changing risks.

All of the Following Statements About the Administration of a Risk