What Is the Primary Purpose of a Risk Management Program

question 234

Multiple Choice

What is the primary purpose of a risk management program?

• A) Reduce risk to a tolerable level.
• B) Reduce all risks regardless of costs.
• C) Transfer all risks to external third parties.
• D) Identify every significant risk to avoid it.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Young Society

A population characterized by a significant proportion of young individuals, often indicating high fertility rates and potential for rapid growth.

Rich Countries

Nations characterized by a high level of economic productivity, wealth, and standard of living for their citizens.

United States

A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.