Evaluation and Review Is an Important Step in the Risk

question 79

Multiple Choice

Evaluation and review is an important step in the risk management process because

• A) it is difficult to select an effective method to manage risks.
• B) conditions change.
• C) it is nearly impossible to evaluate risk effectively.
• D) entrepreneurs find it challenging to identify the major risks that they face.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over time, typically measured by the rise in the Gross Domestic Product (GDP).

Remittances

Money sent by migrants to their home countries, usually to support family members.

Developed Countries

Nations with highly advanced economies, characterized by high per capita income, strong infrastructure, and widespread industrial activity.

Remittances

Money sent by migrants to their home country, often to family members, contributing to the receiving country's economy.