The First Phase of Risk Management Is _________

question 108

Multiple Choice

The first phase of risk management is _________.

• A) risk identification
• B) design 
• C) risk control
• D) risk evaluation

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Definitions:

Enacted Values

The values and norms that are actually exhibited or converted into employee behavior in an organization.

Espoused Values

The values an organization or individual claims to hold, which may or may not align with their enacted behavior.

Senior Executives

High-level managers who are responsible for making critical decisions and shaping the direction of an organization.

Organization's Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a workplace.