This Process Involves Charting Entire Spectrums of Risk, Not Individual

question 24

Multiple Choice

This process involves charting entire spectrums of risk, not individual risk "silos" from each separate business unit.It becomes useful both in identifying risks and in choosing approaches to mitigate them.They present a cumulative picture of all the risks in one risk management solution chart.Identify the process.

• A)Risk mapping
• B)Risk benchmarking
• C)Risk profiling
• D)Risk retention
• E)Principal agent analysis

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Definitions:

Intermediate Planning

The process of setting medium-term goals and determining the necessary steps to achieve them, usually positioned between strategic and operational planning.

Operational Planning

The process of planning specific day-to-day activities and resources required to achieve an organization's strategic goals, focusing on short-term actions and schedules.

Management By Objectives (MBO)

A management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Subordinates

Individuals who work under the command or supervision of someone in a higher position within an organization.