_____ prioritizes risks so that an effective risk strategy can be formulated.
A) Risk mitigation
B) Risk assessment
C) Risk avoidance
D) Risk analysis
E) Risk monitoring and control

Question

Quizplus · Accepted Answer

Risk assessment is the process of identifying, analyzing, and prioritizing risks. It is the first step in developing a risk management strategy as it helps to identify the most critical risks that need to be addressed in order to avoid or mitigate their potential impact.

_____ Prioritizes Risks So That an Effective Risk Strategy Can