10 Questions
What is the first step in risk management?
Identification of risk
Which of the following best describes risk management?
The process of minimizing risk
Where can risk come from in organizations?
Uncertainty in the market place
What is the goal of risk management?
To minimize the probability of unfortunate events
Why is an effective risk management strategy essential for members of the hospitality industry?
To minimize risk and uncertainty
Which of the following best describes risk management?
The process of minimizing or mitigating risk
What is the purpose of risk management?
To monitor and control risks
Where can risk come from in organizations?
From uncertainty in the market place, failure of projects, accidents, and natural disasters
What is the first step in risk management?
Identification and evaluation of risk
Why is an effective risk management strategy essential for members of the hospitality industry?
To minimize the probability of unfortunate events
Test your knowledge on risk management as applied to safety, security, and sanitation. This quiz covers the concept of risk management, including identification and evaluation of risks, as well as the optimal use of resources for monitoring and mitigating risk. Take this quiz to assess your understanding of risk management principles in the context of safety, security, and sanitation.
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