One category of risk that is considered in an enterprise risk management program is the risk associated with an organization's property,liability,and personnel-related loss exposures.This risk is called
A)hazard risk.
B)financial risk.
C)operational risk.
D)strategic risk.

Question

Quizplus · Accepted Answer

Hazard risk is defined as the risk of loss arising from damage or destruction of property, injury to persons, or from other events that are accidental or unintentional in nature. This includes property damage, personal injury, and liability risks. Hazard risk is a key component of enterprise risk management programs, as it can have significant financial and reputational impacts on an organization. Financial risk, operational risk, and strategic risk are all other categories of risk that may be considered in an enterprise risk management program, but they are not specifically related to property, liability, and personnel-related loss exposures.

One Category of Risk That Is Considered in an Enterprise