What is the purpose of risk management as a whole?(1 point)
Responses
To avoid any risky behaviors.
To avoid any risky behaviors.
To transfer all risk to another.
To transfer all risk to another.
To reduce the influence and effect of uncertainty and loss of value by identifying risks and creating a financial plan to manage those risks through risk control strategies.
To reduce the influence and effect of uncertainty and loss of value by identifying risks and creating a financial plan to manage those risks through risk control strategies.
To learn to accept risks regardless of possible loss.