How can risk best be described?
A)The possibility of suffering harm or loss
B)The chance that the organization will go bankrupt
C)Something that is dependent on the types of insurance the company buys
D)Something that is dependent on the overall asset value of the company

Question

Quizplus · Accepted Answer

Risk is most commonly defined as the possibility of suffering harm or loss, whether it be financial, operational, reputational, or otherwise. It involves an assessment of the likelihood and potential impact of any negative events or outcomes that could occur within a given context, such as a business or project. While insurance and asset valuation can be relevant factors in managing risk, they are not the primary determinants of whether a risk exists.

How Can Risk Best Be Described