Which of the following are the principles of risk management?
Each correct answer represents a complete solution. Choose three.
A . Risk management should be an integral part of the organization
B . Risk management should be a part of decision-making
C . Risk management is the responsibility of executive management
D . Risk management should be transparent and inclusive
Answer: ABD
Explanation:
The International Organization for Standardization (ISO) identifies the following principles of risk management. Risk management should:
– create value
– be an integral part of organizational processes
– be part of decision making
– explicitly address uncertainty
– be systematic and structured
– be based on the best available information
– be tailored
– take into account human factors
– be transparent and inclusive
– be dynamic, iterative, and responsive to change
– be capable of continual improvement and enhancement
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