Question

state the functions of risk management​

Answer 1

Answer:

Risk management is the process of identifying, measuring and treating property, liability, income, and personnel exposures to loss. The ultimate goal of risk management is the preservation of the physical and human assets of the organization for the successful continuation of its operations.

Explanation:

hope it helps u

Answer 2

Answer:

Risk Avoidance–eliminate the exposure completely.

Risk Control–reduce chance or size of loss, or make the likelihood more certain.

Risk Transfer–via insurance or contractual language.

Risk Retention–decide to bear the risk at an acceptable level.