Which of the Following Is NOT One of the Steps

question 123

Multiple Choice

Which of the following is NOT one of the steps in the risk assessment process?

• A) risk reduction
• B) risk identification
• C) crisis management
• D) risk analysis

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Definitions:

Secured Credit

A loan or credit extended where the borrower pledges some asset as collateral for the loan, providing the lender a measure of protection against the borrower's default.

Unsecured Credit

Credit that is issued and supported only by the borrower's creditworthiness, without any collateral.

Commercial Context

Refers to situations, activities, or transactions that are related to the commercial or business sector.

Mechanic's Lien

is a legal claim against a property for unpaid construction work or supplies, giving workers and suppliers a form of security for their investment.