Evaluation and review is an important step in the risk management process because
A) it is difficult to select an effective method to manage risks.
B) conditions change.
C) it is nearly impossible to evaluate risk effectively.
D) entrepreneurs find it challenging to identify the major risks that they face.

Question

Quizplus · Accepted Answer

Evaluation and review is important because conditions can change and it is necessary to reassess and adjust risk management strategies accordingly. Option A, C, and D are incorrect as they do not reflect the main reason why evaluation and review is important in risk management.

Evaluation and Review Is an Important Step in the Risk