Refer back to the documents if you need to, but tell me which of the four principles this risk falls under.
Understand the Problem
The question is asking to identify which of the four principles of risk management aligns with a specific situation described in the context. It requires an understanding of risk management principles to pinpoint the correct response.
Answer
Accept no unnecessary risk.
The final answer is 'Accept no unnecessary risk.'
Answer for screen readers
The final answer is 'Accept no unnecessary risk.'
More Information
In operational risk management (ORM), one of the four principles is to 'Accept no unnecessary risk'. This principle emphasizes that unnecessary risks should be identified and avoided whenever possible.
Tips
A common mistake is not fully understanding what constitutes an 'unnecessary risk.' It's essential to identify risks that do not provide sufficient benefits and avoid them.
Sources
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