To better understand her company's operations,a risk manager asked a production manager to draw a diagram tracing the steps in the production and distribution of the company's products.Such a diagram,which is useful in risk identification,is called a
A)financial statement.
B)risk management matrix.
C)flowchart.
D)risk management audit.

Question

Quizplus · Accepted Answer

A flowchart is a visual representation of a process, showing the steps in a sequence. In this case, a flowchart can help the risk manager identify potential risks and hazards in each step of the production and distribution process, and develop appropriate risk management measures. Financial statements are reports of a company's financial activities and performance, while a risk management matrix and audit are tools for assessing and managing risks, but not necessarily for visualizing a process.

To Better Understand Her Company's Operations,a Risk Manager Asked a Production