A Risk Manager Should Address Which of the Following Considerations

question 12

Multiple Choice

A risk manager should address which of the following considerations?

• A)The firm needs to understand the major risks and consequences that the company faces.
• B)The firm needs to understand the major risks and consequences that the company faces, and the firm needs to determine if it is being paid for any particular risk.
• C)The firm needs to understand the major risks and consequences that the company faces, the firm needs to determine if it is being paid for any particular risk, and the firm should know how to control a particular risk.
• D)The firm should simply view risks as external factors beyond the firm's control.

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Definitions:

Concert Pianist

A professional pianist who performs solo recitals, concertos with orchestras, and chamber music in concert halls.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm or damage.

Loss of Income

A monetary loss resulting from an inability to work and earn money due to injury, disability, or other reasons.

Defence

The reasons, facts, or legal arguments presented by the defendant to contest or mitigate the claims made by a plaintiff in a legal case.