Business Studies · Risk Management
Which of the following best defines risk evaluation in the risk management process?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Identifying potential sources of loss within an organisation
- 2Prioritising risks based on their probability and impact✓
- 3Eliminating all identified risks from the system
- 4Recording and reporting minor risks for future assessment
Correct answer
Prioritising risks based on their probability and impact
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