Which of the Following Is the First Step to Risk

question 71

Multiple Choice

Which of the following is the first step to risk management?

• A) Risk identification
• B) Risk assessment
• C) Risk response development
• D) Risk response control
• E) Risk qualitative / quantitative analysis

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Definitions:

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for making major corporate decisions and managing overall operations.

Ideal Future

A vision or conceptualization of a perfect scenario or state that an individual, group, or society aims to achieve, often used as a motivational tool.

Operational Planning

The process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success, and explains how, or what portion of, a strategic plan will be put into operation during a given operational period.

Strategic Plan

A systematic process of envisioning a desired future and translating this vision into broadly defined goals and a sequence of steps to achieve them.