These categories - Unacceptable, undesirable, tolerable and broadly acceptable - are used to identify risk tolerance. This is a process in risk management where the level of potential risks that might be accepted in a given situation is determined. Here's how it works:

1. Unacceptable: This category includes risks that are too high to be considered acceptable under any circumstances. These risks often have the potential to cause significant harm or damage.

2. Undesirable: These risks are not preferred but might be accepted if the potential benefits outweigh the potential harm or damage.

3. Tolerable: These risks are seen as acceptable because the potential benefits outweigh the potential harm or damage. These risks are often managed and monitored to ensure they remain at a tolerable level.

4. Broadly Acceptable: These risks are generally accepted by most people because the level of potential harm or damage is considered low or negligible.

So, these categories help in determining the level of risk that an organization or individual is willing to accept.

Question

These categories - Unacceptable, undesirable, tolerable and broadly acceptable - are used to identify risk tolerance. This is a process in risk management where the level of potential risks that might be accepted in a given situation is determined. Here's how it works:

1. Unacceptable: This category includes risks that are too high to be considered acceptable under any circumstances. These risks often have the potential to cause significant harm or damage.

2. Undesirable: These risks are not preferred but might be accepted if the potential benefits outweigh the potential harm or damage.

3. Tolerable: These risks are seen as acceptable because the potential benefits outweigh the potential harm or damage. These risks are often managed and monitored to ensure they remain at a tolerable level.

4. Broadly Acceptable: These risks are generally accepted by most people because the level of potential harm or damage is considered low or negligible.

So, these categories help in determining the level of risk that an organization or individual is willing to accept.

Knowee AI · Accepted Answer

These categories - Unacceptable, undesirable, tolerable and broadly acceptable - are used to identify risk tolerance. This is a process in risk management where the level of potential risks that might be accepted in a given situation is determined. Here's how it works:

1. Unacceptable: This category includes risks that are too high to be considered acceptable under any circumstances. These risks often have the potential to cause significant harm or damage.

2. Undesirable: These risks are not preferred but might be accepted if the potential benefits outweigh the potential harm or damage.

3. Tolerable: These risks are seen as acceptable because the potential benefits outweigh the potential harm or damage. These risks are often managed and monitored to ensure they remain at a tolerable level.

4. Broadly Acceptable: These risks are generally accepted by most people because the level of potential harm or damage is considered low or negligible.

So, these categories help in determining the level of risk that an organization or individual is willing to accept.

Unacceptable, undesirable, tolerable and broadly acceptable are categories used to: Group of answer choicesIdentify risk assessmentIdentify risk toleranceScore risk impactIdentify risk assessment

Question

Solution

Similar Questions

Upgrade your grade with Knowee