Why Does One Assess the Severity of Potential Losses When

question 58

Multiple Choice

Why does one assess the severity of potential losses when creating a legal risk management plan?

• A) to establish insurance policies for employees exposed to greater risk
• B) to delegate responsibility for devising the risk management plan
• C) to prioritize identified risks and guide a given risk through the process
• D) to identify mechanisms to adopt,avoid,or eliminate existing risks

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Definitions:

Deposition

The geological process in which sediments, soil, and rocks are added to a landform or land mass, typically influenced by water, wind, or ice.

Crustal Material

Any geological materials that make up the crust of the Earth, encompassing rocks, minerals, and sediments.

Lithosphere

The lithosphere is the rigid, outer layer of the Earth, comprising the crust and the upper part of the mantle.

Elevation

The height of a location above a specific reference point, usually above sea level.