Magnum Corp

question 160

Multiple Choice

Magnum Corp. has embarked on a risk-management process. They have just completed identifying risks and potential losses. What should they do next?

• A) Choose techniques that best handle the loss
• B) Implement the risk management program
• C) Measure the frequency and severity of losses
• D) Transfer the risk
• E) Evaluate alternatives for handling risk

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Definitions:

Normative

Relating to an ideal standard or model, or based on what is considered to be the normal or correct way of doing something.

Complement

A term used in various contexts, often denoting a thing that completes or goes well with another.

Interests

Activities, subjects, or areas that capture the attention, curiosity, or concern of an individual or group.

Goals

Targets or outcomes that an individual or group endeavors to achieve, often requiring planning and effort.