One Category of Risk That Is Considered in an Enterprise

question 40

Multiple Choice

One category of risk that is considered in an enterprise risk management program is the risk associated with an organization's property,liability,and personnel-related loss exposures.This risk is called

• A)hazard risk.
• B)financial risk.
• C)operational risk.
• D)strategic risk.

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Definitions:

Convergent Thinking

A cognitive process in which one focuses on arriving at a single, correct solution to a problem, as opposed to generating multiple solutions.

Preconceptions

Pre-existing ideas or biases formed before having evidence or detailed knowledge, often influencing perception and decision-making.

Intuition

Intuition involves understanding or knowing something instinctively, without the need for conscious reasoning.

Algorithms

A set of rules or procedures to be followed in calculations or problem-solving operations, often used by computers.