____ includes taking action to prevent or minimize the likelihood of occurrence or the impact of such unfavorable events.
A) Managing risk
B) Taking chances
C) Identifying the trigger point
D) Naming the person responsible for the risk response plan

Question

Quizplus · Accepted Answer

Managing risk typically involves taking proactive steps to prevent or minimize the likelihood or impact of unfavorable events. This can involve strategies such as risk avoidance, risk transfer, risk mitigation, and risk acceptance. The other choices (B, C, and D) do not capture the full scope of managing risk.

____ Includes Taking Action to Prevent or Minimize the Likelihood