The effective management of risk requires specific types of action. Which of the following pairs of actions would be BEST to manage risk?
A) Training in risk management for all staff and identification of risks
B) Identification of risk, analysis and management of the exposure to risk
C) Control of exposure to risk and investment of capital
D) Training of all staff and investment of capital

Question

Quizplus · Accepted Answer

Effective risk management involves identifying risks and then analyzing and managing the exposure to those risks to mitigate their impact.

The Effective Management of Risk Requires Specific Types of Action