Risk managers may use a number of tools.One tool is the analysis of data to generate information that will help make better informed decisions.Such analysis is called
A)value at risk (VaR)analysis.
B)risk management information systems.
C)predictive analytics.
D)time value of money analysis.

Question

Quizplus · Accepted Answer

The analysis of data to generate information that will help make better informed decisions is called predictive analytics. This tool is commonly used by risk managers to assess potential risks and make informed decisions about managing them. Options A and D are not relevant in this context, while option B refers to a broader category of software tools that support risk management activities.

Risk Managers May Use a Number of Tools