Which one of the following statements is true regarding the evolution of risk and risk management?...
Which one of the following statements is true regarding the evolution of risk and risk management?
The definition of risk has evolved to include positive as well as negative attributes.
Risk management now involves only those areas where the organization has some degree of control over the outcome.
The definitions of risk and risk management have become considerably more focused over the years.
Risk management is increasingly being applied to the risks associated with accidental losses.
Homework Answers
All of the above statements are true regarding the evolution of risk and risk management. The definition of risk has evolved to include positive as well as negative attributes. Risk management now involves only those areas where the organization has some degree of control over the outcome. The definitions of risk and risk management have become considerably more focused over the years. Risk management is increasingly being applied to the risks associated with accidental losses.
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