For Identified Risks, Management

question 104

Multiple Choice

For identified risks, management

• A) assesses the likelihood of their occurrence.
• B) decides upon actions to manage them.
• C) estimates their significance.
• D) all of the above

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Definitions:

Performance Pyramid

A framework used for measuring an organization’s performance across multiple dimensions, such as financial, operational, and customer perspectives.

Strategic Control

The process of monitoring and adjusting an organization's strategy to respond to changes in the internal and external environment.

Organizational Flexibility

The capacity of an organization to adapt rapidly and efficiently to changes in the external and internal environments.

Mistakes

Mistakes are actions or decisions made due to error, misunderstanding, or oversight, often leading to undesirable outcomes or lessons learned.