Which of the following is not characteristic of good risk management?
A)estimating the likelihood of chance events occurring
B)planning to eliminate chance events
C)identifying potential chance events
D)formulating contingency plans for chance events
E)analyzing the consequences of chance events

Question

Quizplus · Accepted Answer

Good risk management involves identifying, analyzing, and preparing for potential chance events, not eliminating them, as it's often not possible to completely eliminate risk.

Which of the Following Is Not Characteristic of Good Risk