Risk management is concerned primarily with controlling what?
A)Potential losses
B)Potential gains
C)Both of the above
D)None of the above

Question

Quizplus · Accepted Answer

Risk management is primarily concerned with controlling potential losses, which could include financial losses, reputational damage, legal liability, and other negative consequences that could result from various types of risk. While risk management may also involve identifying and pursuing potential gains, such as new business opportunities or competitive advantages, its primary focus is on minimizing the impact of potential losses.

Risk Management Is Concerned Primarily with Controlling What