When we focus on one risk only, we work with this matrix.It provides alternative financial action to undertake for each frequency/severity combination.Identify this matrix.
A)A space risk matrix
B)A forced matrix
C)A risk map
D)Kernel's risk matrix
E)A risk management matrix

Question

Quizplus · Accepted Answer

A risk management matrix is used to assess and prioritize risks by evaluating their frequency and severity, guiding decision-making on financial actions or other responses to mitigate those risks.

When We Focus on One Risk Only, We Work with This