Answer:
It is Business Impact Assessment (B)
Explanation:
Organizational plans and business decisions are vulnerable to various risks that could hinder them from materializing .
After business decisions have been made at strategic level, there is a need to carry out their business impact assessment to understand the relationship that exist between their impact and their likelihood of occurrence.
Having assessed the impact and likelihood of occurrence, some risks are accepted,transferred while some are completely avoided.
Answer:
<u>Reffeal</u>
Explanation:
A letter of reference is an effective method for establishing clear communication with information needed to clarify possible doubts and bring credibility. It should be written in a formal manner, highlighting the strengths of the message to be conveyed beyond clear, accurate and honest language.
Answer: Of the world economy towards becoming a more interdependent
system.
Explanation: The process under which the government, people and companies of different nations are coming together to make the world a better place for business is called globalization. Under globalization various tax and tariffs are lowered down by different countries for ease of business and free flow of goods and services making the world interdependent.
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The correct answer is Slowly dropped.
<h3>What is the life cycle of the risk management process?</h3>
- The risk management process, which consists of these five fundamental components, is used to manage risk. Starting with risk identification, it moves on to risk analysis, prioritization, solution implementation, and risk monitoring.
- Operational risk is the danger of suffering losses as a result of poor or ineffective procedures, rules, plans, or circumstances that interfere with business operations.
- Risk is the stage where loss or harm occurs due to a lack of correct information, expertise, or experience. This stage can be controlled by using proper Risk management approaches throughout the project life cycle.
The chances of a risk event occurring as a project proceeds through its life cycle tend to:
The correct answer is Slowly dropped.
To learn more about risk management, refer to:
brainly.com/question/4678268
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