The first step of the risk assessment process is generally to
A)identify controls to reduce all risk to zero.
B)estimate the exposure from negative events.
C)identify the threats that the company currently faces.
D)estimate the risk probability of negative events occurring.

Question

Quizplus · Accepted Answer

The first step of the risk assessment process is to identify the threats that the company currently faces. This helps in understanding the potential risks and their severity, which is essential in further steps of the risk assessment process. Option A is not practical because it is impossible to reduce all risk to zero. Option B is a later step in the risk assessment process, after the identification of risks. Option D is also a later step in the risk assessment process, after the identification of risks.

The First Step of the Risk Assessment Process Is Generally