Identify the correct statement about the risk management matrix.
A)It is also referred to as a risk map.
B)It involves charting entire spectrums of risk, not individual risk "silos" from each separate business unit.
C)It includes all important risks a firm is exposed to.
D)It includes on one axis, categories of relative frequency (high and low) and on the other, categories of relative severity (high and low).
E)It puts the risks a company faces into a visual medium to see how risks are clustered and to understand the relationships among risks.

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The Answer of Identify the correct statement about the risk management matrix.
A)It is also referred to as a risk map.
B)It involves charting entire spectrums of risk, not individual risk "silos" from each separate business unit.
C)It includes all important risks a firm is exposed to.
D)It includes on one axis, categories of relative frequency (high and low) and on the other, categories of relative severity (high and low).
E)It puts the risks a company faces into a visual medium to see how risks are clustered and to understand the relationships among risks.

Identify the Correct Statement About the Risk Management Matrix