Best Practices in Approaching Risk Management Include the Following Steps

question 59

Multiple Choice

Best practices in approaching risk management include the following steps except:

• A) identify risks.
• B) calculate revenue losses from risks.
• C) analyze and assess risks.
• D) design strategies for managing risk.
• E) measure, monitor and report risks.

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Definitions:

Mechanical Engineer

A professional who designs, analyses, and manufactures mechanical systems, utilizing principles of physics and materials science.

Novel Design

A unique or original plan or pattern that has not been seen before in the creation of objects, systems, or activities.

Intrinsic Motivation

The desire to perform a behavior effectively for its own sake.

Imaginative Thinking Skills

The ability to think creatively and innovatively, envisioning possibilities beyond traditional or obvious solutions.