The Objective of Risk Management Is to Both Identify Risk

question 19

True/False

The objective of risk management is to both identify risk and to respond to it.

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Definitions:

Identify

The act of recognizing or establishing the identity of a person, place, or thing.

Team Itself

Refers to the collective group of individuals working together towards a common goal or purpose, emphasizing the significance of the team as an entity.

Desired Behaviours

The specific actions or reactions an organization or individual seeks to encourage or develop.

Rewards

Benefits or compensations given in recognition of one's effort, performance, or service.