The correct order of the steps in the Risk Management Process is:
A) Establish Goals, Identify Potential Loss Exposure, Measure Potential Loss Exposure, Choose Risk Handling Techniques, Implement Techniques and Monitor Effectiveness
B) Establish Goals, Choose Risk Handling Techniques, Identify Potential Loss Exposure, Measure Potential Loss Exposure, Implement Techniques and Monitor Effectiveness
C) Establish Goals, Choose Risk Handling Techniques, Measure Potential Loss Exposure, Identify Potential Loss Exposure, Implement Techniques and Monitor Effectiveness
D) Establish Goals, Measure Potential Loss Exposure, Identify Potential Loss Exposure, Choose Risk Handling Techniques, Implement Techniques and Monitor Effectiveness
Correct Answer:
Verified
Q1: Which of the following is not a
Q2: Risk Pooling is an example of:
A) a
Q4: A Pure Risk is defined as:
A) an
Q5: Which of the following potential losses is
Q6: Catastrophic losses are not insured by the
Q7: The ideal insurance system:
A) reduces the probability
Q8: All the following are direct losses except:
A)
Q9: Loss Transfer means:
A) shifting the financial consequences
Q10: Enterprise Risk Management:
A) is only applicable to
Q11: Assume that 1000 students, all healthy, all
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