What is the first step in the risk-management process?
A)Evaluate the potential losses that might result.
B)Administer the risk-management program.
C)Identify sources of risk.
D)Decide on the best way(s) to handle risk and losses.

Question

Quizplus · Accepted Answer

The first step in the risk-management process is to identify potential sources of risk. Without identifying sources of risk, it is impossible to evaluate potential losses or determine the best way to handle them.

What Is the First Step in the Risk-Management Process