The Effective Management of Risk Requires Specific Types of Action

question 123

Multiple Choice

The effective management of risk requires specific types of action. Which of the following pairs of actions would be BEST to manage risk?

• A) Training in risk management for all staff and identification of risks
• B) Identification of risk, analysis and management of the exposure to risk
• C) Control of exposure to risk and investment of capital
• D) Training of all staff and investment of capital

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Definitions:

Self-esteem

A measure of how much value and respect one has for oneself.

Strengths and Weaknesses

An assessment or analysis of the positive attributes and limitations of an entity, such as an organization, individual, or system.

Critical

Inclined to find fault or judge with severity, often too readily, involving analysis and evaluation.

Talk Therapy

A form of psychotherapy that involves discussing one's feelings, thoughts, and behaviors with a therapist to gain insight, resolve problems, or improve mental health.