Risk management can be used in varied and complex settings2. Risk management can help organizations deal with uncertainty and complexity in any type of activity, industry, or sector.
Question 2
Which of the following is becoming the basis for all decision making?
Options:
A.
Risk management
B.
Crisis management
C.
Quality management
D.
Marketing management
Answer:
A
Explanation:
Explanation:
Risk management is becoming the basis for all decision making2. Risk management helps organizations to identify opportunities and threats, evaluate alternatives, and make informed choices.
Question 3
Which management ensures that value is created by identifying opportunities for investment, mergers, or acquisition.
Options:
A.
Risk
B.
Quality
C.
Crisis
D.
Safety
Answer:
A
Explanation:
Explanation:
Risk management ensures that value is created by identifying opportunities for investment, mergers, or acquisition. Risk management helps to assess the potential benefits, costs, and risks of different options and make informed decisions.