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 in the event of chance events.
E)analyzing the consequences of chance events.

Question

Quizplus · Accepted Answer

Planning to eliminate chance events is not a characteristic of good risk management as it is impossible to completely eliminate chance events. Good risk management involves identifying potential risks and developing contingency plans to mitigate the impact of the risks if they occur.

Which of the Following Is Not Characteristic of Good Risk