Risk management follows a systematic process which involves……….steps.

Related MCQs

• Which of the statement are true? A. Risk retention and risk transfer are some of the techniques to manage risks. B. Implementation is one of the steps in risk management
• Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.
• The first step in risk management process is
• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• Insurance is a risk management technique involving:
• Main emphasis of risk management is on ___________.
• Following are the risk management methods:
• Risk management information system is not useful in one of the following
• Which of the statements are true? A. Loss prevention and loss reduction mean different things. B. Risk maybe transferred by contract.
• Which of the statements is correct? A. The simplest way to deal with a risk is to avoid it. B. This technique is always possible and practical.