The first step in the risk management process is to measure the frequency and severity of losses and their impact.

Name: The first step in the risk management process is to measure the frequency and severity of losses and their impact.
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Quizplus · Accepted Answer

The first step in the risk management process is to identify potential risks and their possible impact. Measuring the frequency and severity of losses comes later in the process as part of risk assessment and analysis.

The First Step in the Risk Management Process Is to Measure