Risk reduction methods are best applied to?

Question

Risk reduction methods are best applied to? a) high frequency losses.
b) high severity losses.
c) both a. and b.
d) neither a. nor b.

Accepted Answer

Risk reduction methods are best applied tohigh frequency lossesandhigh severity losses.The ideal method ofreducingrisk is by design rather than procedures, preventive measures, training, and limiting of operation and managerial controls. Risk reduction techniques cover the risk identification, reduction options and their implementation.Risk assessmentis known to be a method that is often used to tell about the total process or method where a person need to Identify hazards and risk factors that have the some level to cause harm and then reduce or mitigate it.Hence, Theactionsa person can use to reduce the risk are:Identify the risk.Analyze the risk.Prioritize the risk.Treat the risk.Monitor the risk.Learn more aboutrisk assessmentfrombrainly.com/question/24129294#SPJ4...

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Risk reduction methods are best applied to?

Risk reduction methods are best applied to? a) high frequency losses.
b) high severity losses.
c) both a. and b.
d) neither a. nor b.

QuizWhiz AI

Solved:

Risk reduction methods are best applied to?

Risk reduction methods are best applied to? a) high frequency losses. b) high severity losses. c) both a. and b. d) neither a. nor b.

Risk reduction methods are best applied to? a) high frequency losses.
b) high severity losses.
c) both a. and b.
d) neither a. nor b.