What Is the First Step in the Risk-Management Process

question 125

Multiple Choice

What is the first step in the risk-management process?

• A)Evaluate the potential losses that might result.
• B)Administer the risk-management program.
• C)Identify sources of risk.
• D)Decide on the best way(s) to handle risk and losses.

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Definitions:

Embryo

An early stage of development in many animals, including humans, when it is in the uterus or egg, characterized by rapid cell division and differentiation.

Viruses

Microscopic infectious agents that replicate only inside the living cells of an organism, capable of causing diseases in humans, animals, and plants.

Adolescence

The transitional stage of physical and psychological development that occurs between childhood and adulthood.

Late Adulthood

The stage in human development characterized by advanced age, usually considered to begin around the age of 65.