Question

Paula just took over as risk manager of Agri-Products Company. The company produces agricultural chemicals and buys and sells agricultural commodities. The previous risk manager had attempted to institute an enterprise risk management program and failed. One of Paula's first moves was to formulate a mission statement and a bullet-point list of the organization's risk management philosophy. This clearly-stated list of objectives and statements of how the objectives will be achieved is a

Answer 1

Answer: Risk Management policy statement

Explanation: Risk management policy statement refers to the risk management mission statement. It addresses various areas of risk management and incorporates the risk management philosophy.

Risk management policy statement defines the policy for managing risks and the relevance to the organization's strategic plan, goals, and objectives. It also clarifies risk management goals and direction.

Answer 2

Answer:

risk management policy statement

Explanation:

Based on the scenario being described within the question it can be said that this list is known as a risk management policy statement. Like mentioned in the question, this is a documentation that clearly states all the risks and hazards involved when performing a specific task. Companies such as Paula's Agri-Products Company use these policies in order to define these risks and let all of the employees know about them.