1.

What Are The Features Of Risk Management?

Answer»

a) Risk management is a scientific APPROACH to the PROBLEM of dealing with only pure risks and not any other risks faced by an individual or business.
b) Risk management gives importance to insurable and uninsurable risks and to me suitable TECHNIQUES for problems dealing with all pure risks.
c) It MAINLY emphasizes reducing the cost of handling risk by using appropriate METHODS.

 

a) Risk management is a scientific approach to the problem of dealing with only pure risks and not any other risks faced by an individual or business.
b) Risk management gives importance to insurable and uninsurable risks and to me suitable techniques for problems dealing with all pure risks.
c) It mainly emphasizes reducing the cost of handling risk by using appropriate methods.

 


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