Post Utme Crawford University 2018 Commerce Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2018 Commerce Objective / Multiple Choice
Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • COMMERCE • objective

A business's risk management strategy involves identifying, assessing, and mitigating potential risks. Explain the concept of risk management and its importance in business.

Answer Options

Correct Answer A. Risk management involves identifying, assessing, and mitigating potential risks to minimize their impact on the business
B. Risk management involves identifying, assessing, and exploiting potential risks to maximize their impact on the business
C. Risk management involves ignoring potential risks and hoping they do not occur
D. Risk management involves transferring potential risks to another party
Correct Answer
A
Correct Option:
Risk management involves identifying, assessing, and mitigating potential risks to minimize their impact on the business

About This Question

This is Post Utme Crawford University 2018 Commerce Question 25. It is one of the objective questions from the 2018 Post Utme Crawford University Commerce examination.

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