In risk management, what does risk evaluation involve?

1 answer:

4 0

In risk management, risk evaluation involve Risk resolution. The evaluation process is carried out by management.

Risk is the threat of things going wrong or having a negative impact on the operations of the organization. The risk can be of many types including and not limited to audit risk, control risk, credit risk, business risk, inherent risk, financial risk and more.

Risk is evaluated by the management to minimize the effects and mitigate the risk. There are several steps that are performed to analyze the risk and many ways are there to lower the effects of risk.

Risk resolution is the management strategies to analyze the risk and the best ways to mitigate the effects. Transfer the risk, avoid the risk by changing the decision, reduce and accept.

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Explanation:

Note: The full question is attached as picture below

Daily demand d = 520

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