The first step in the risk management process is to define and recognize your exposure to risk.

Name: The first step in the risk management process is to define and recognize your exposure to risk.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

This is true. The first step in the risk management process is to identify and assess potential risks that an organization may face. This involves recognizing the degree of exposure to risk and the likelihood of its occurrence. Only then can effective mitigation strategies be developed and implemented.

The First Step in the Risk Management Process Is to Define