The Correct Order of the Steps in the Risk Management

question 49

Multiple Choice

The correct order of the steps in the Risk Management Process is:

• A) Establish Goals, Identify Potential Loss Exposure, Measure Potential Loss Exposure, Choose Risk Handling Techniques, Implement Techniques and Monitor Effectiveness
• B) Establish Goals, Choose Risk Handling Techniques, Identify Potential Loss Exposure, Measure Potential Loss Exposure, Implement Techniques and Monitor Effectiveness
• C) Establish Goals, Choose Risk Handling Techniques, Measure Potential Loss Exposure, Identify Potential Loss Exposure, Implement Techniques and Monitor Effectiveness
• D) Establish Goals, Measure Potential Loss Exposure, Identify Potential Loss Exposure, Choose Risk Handling Techniques, Implement Techniques and Monitor Effectiveness

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Definitions:

Additional Income

Earnings that are supplementary to one's primary source of income, often derived from side jobs or investments.

Friedrich Engels

A philosopher, social scientist, and journalist from Germany who, alongside Karl Marx, played a crucial role in the development of Marxist theory.

Gender Inequality

The disparity in status, power, and opportunities between individuals based on their gender, often favoring men over women across various social, economic, and political areas.

Family Inequality

The disparities observed within and among families concerning resources, opportunities, and treatment, often influenced by broader social and economic factors.