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2 years ago

He term risk management describes the process of identifying, assessing, prioritizing, and addressing risks. true false

1 answer:

6 0

It is true, the term risk management describes the process of identifying, assessing, prioritizing, and addressing risks.

<h3>Risk management process :</h3>

Identification, control, and evaluation of risks to an organization's resources and profits are steps in the risk management process. These risks have many different causes, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.

<h3>Function of risk management :</h3>

Risk management is the process of discovering, evaluating, and managing exposures to loss in relation to assets, liabilities, income, and employees. The protection of the organization's material and human resources is the ultimate goal of risk management in order to ensure the effective continuation of its business activities.

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