The goal of a sound risk management is to completely avoid all risk.

Name: The goal of a sound risk management is to completely avoid all risk.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The goal of sound risk management is not to completely avoid all risks as this is impossible. Instead, the goal is to identify, assess, and manage risks in a way that reduces the likelihood and impact of negative events while maximizing opportunities for positive outcomes.

The Goal of a Sound Risk Management Is to Completely