To Differentiate Between Loss and Risk, Risk Management Professionals Prefer

question 55

Multiple Choice

To differentiate between loss and risk, risk management professionals prefer to use the term perils to refer to:

• A)"the causes of loss."
• B)"the consequences of loss."
• C)"the frequency of loss."
• D)"the severity of loss."
• E)"the probability of loss."

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Definitions:

HR Professionals

Individuals who work within the human resources department of an organization, specializing in areas such as recruitment, employee relations, and performance management.

Risks

The potential for losses or negative outcomes resulting from internal or external vulnerabilities or threats.

CEO

Chief Executive Officer; the highest-ranking person in a company or organization, responsible for making overarching decisions.

Naming a Successor

The process of identifying and appointing an individual to take over a role or position after the current holder leaves or retires.