Which of the following defines risk management?

Question

Quizplus · Accepted Answer

Risk management is the process of identifying, assessing, and controlling risks that may affect an organization's ability to achieve its objectives. It involves minimizing the impact of negative events or losses by implementing strategies to mitigate or transfer the risk. The focus is on conserving earning power and assets by minimizing the impact of potential losses. The other options listed do not accurately describe risk management.

Which of the Following Defines Risk Management