Risk management is
A) A quantified measure of the potential damage caused by a specified threat
B) Managing the financial impacts of unusual events
C) Avoiding risks
D) Avoiding uncertainty

Question

Quizplus · Accepted Answer

Risk management involves identifying, assessing, and managing risks to minimize financial impacts of unexpected events. While quantifying potential damage caused by threats is a part of risk assessment, it is not the sole focus of risk management. Avoiding risks or uncertainty may not always be feasible, and risk management aims to mitigate the impact of these risks rather than avoid them entirely.

Risk Management Is