Which of the Following Statements Describes a Risk Management Principle

question 14

Multiple Choice

Which of the following statements describes a risk management principle that forms a part of effective risk management?

• A) It encourages continual improvement.
• B) It is included in decision making.
• C) It is tailored to suit the organisation's needs and goals.
• D) It creates value for the organisation.
• E) All of these responses are correct.

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Definitions:

Incentives

External rewards or stimuli that motivate individuals to perform actions or exhibit behaviors.

Helmets

Protective headgear designed to absorb impacts or prevent injuries to the head during activities such as cycling, motorcycling, sports, or construction work.

Arousal

A state of increased physiological and psychological activity, involving the brain, senses, and body systems.

Food Deprivation

The lack of adequate nourishment over a sustained period, which can lead to numerous physical and psychological maladies.