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Which of the following are the principles of risk management?

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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