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:

Distressing Situation

An event or circumstance that causes anxiety, sorrow, or pain, often triggering emotional or psychological stress.

Presence

The state or fact of existing, occurring, or being present in a place or thing.

Self-Employed

A person who works for themselves and does not receive a salary from an employer, but instead earns income directly from their business or profession.

Work Settings

Work settings refer to the physical and social environments in which individuals carry out their job duties, including the organizational culture and structural aspects.