Elements of the Risk Management Process Are

question 6

Multiple Choice

Elements of the Risk Management Process are:
I.Analyze and evaluate potential economic loss exposures.
II.Develop and present recommendations.
III.Implement risk management plan.
IV.Monitor the risk management plan.

• A)I,II,IV.
• B)II,III,IV.
• C)I,II,III.
• D)I,II,III,IV.

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Definitions:

Density

A measure of mass per unit volume of a substance, commonly expressed in grams per cubic centimeter for solids and liquids, and kilograms per cubic meter for gases.

Volume

The amount of space occupied by an object or substance, often measured in liters, cubic meters, or gallons.

Material

Any substance or matter from which something can be made or constructed.

Density

The mass per unit volume of a substance, often measured in grams per cubic centimeter (g/cm^3) or kilograms per cubic meter (kg/m^3).