Risk Management Is

question 4

Multiple Choice

Risk management is

• A) A quantified measure of the potential damage caused by a specified threat
• B) Managing the financial impacts of unusual events
• C) Avoiding risks
• D) Avoiding uncertainty

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Definitions:

Province

A principal administrative division of certain countries, notably Canada, which is distinguished by geographical, cultural, or political criteria.

Court System

The organizational structure of courts that interpret and apply the law in legal cases, comprising various levels from local to supreme courts.

Enforce

To compel obedience to a law, rule, or obligation through the imposition of penalties or legal sanctions.

Judgment

The final decision made by a court regarding the outcome of a legal case, determining the rights and obligations of the parties involved.