Only events that result in uncertain outcomes represent risks that should be managed. Select one: True False
Question
Only events that result in uncertain outcomes represent risks that should be managed.
Select one: True False
Solution 1
True
Risk is generally defined as the potential for an event to occur that leads to an uncertain outcome, often with negative or harmful consequences. Therefore, only events that result in uncertain outcomes represent risks that should be managed. If the outcome of an event is certain, it does not represent a risk. However, it's important to note that risk management also involves identifying, assessing, and prioritizing these risks, and then applying resources to minimize, monitor, and control their impact.
Solution 2
True
Risk is generally defined as the potential for an event to occur that leads to an uncertain outcome, often with negative or harmful consequences. Therefore, only events that result in uncertain outcomes represent risks that should be managed. If the outcome of an event is certain, it does not represent a risk. However, it's important to note that risk management also involves identifying, assessing, and prioritizing these risks, and then applying resources to minimize, monitor, and control their impact.
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