Risk management is a process that includes:
Risk management is a process that includes:
Multiple Choice Options
- A
Hazard identification
- B
Interactive exchange of information and opinions
- C
Hazard characterization
- D✓ Correct Option
Evaluation of policy alternatives
Detailed Technical Solution & Explanation
Risk management is a systematic process that encompasses the identification, assessment, and prioritization of risks, followed by the coordinated application of resources to minimize, monitor, and control the probability or impact of adverse events. Among the listed options, evaluation of policy alternatives is a core component of risk management — it involves assessing different strategies and policies to mitigate identified risks.
Note: Hazard identification and characterization are components of risk assessment (a subset of risk management), while interactive exchange of information describes risk communication.