The Final Step in a Risk Management Program Is to

question 107

Short Answer

The final step in a risk management program is to
measure frequency and severity of potential losses.
identify risks and potential losses.
monitor results of the program.
implement the program.
evaluate alternatives.

---

Definitions:

Information Flows

Refers to the movement of information within and between organizations, critical for making decisions and managing operations effectively.

Customer

An individual or organization that purchases goods or services from a store or business.

Product Flows

The movement of goods through the supply chain from the manufacturer to the end user, including all intermediate steps like transportation and warehousing.

Retailing

The selling of goods or services directly to consumers, usually in small quantities.