The Most Difficult and Important Step in the Risk Management

question 32

Multiple Choice

The most difficult and important step in the risk management process generally is:

• A) evaluating risk
• B) reviewing the program
• C) selecting the best method(s) to handle the risk
• D) identifying the risk

---

Definitions:

Lettuce

A leafy green vegetable commonly used in salads and sandwiches.

Selling Price

The amount for which something is sold; the price that a buyer pays.

Retail Price

The price at which goods or services are sold to the end consumer, inclusive of any markup from wholesalers or distributors.

Mark-up on Cost

The percentage added to the cost of goods to cover overhead and profit; the difference between the cost of a product and its selling price.