Which of the Following Best Describes the Reason for Assessing

question 46

Multiple Choice

Which of the following best describes the reason for assessing the severity of potential losses when creating a legal risk management plan?

• A) to establish insurance policies for employees exposed to greater risk
• B) to delegate responsibility for devising the risk management plan
• C) to prioritize identified risks and guide a given risk through the process
• D) to identify mechanisms to adopt, avoid, or eliminate existing risks