Ask Question
BusinessBusiness
7 May, 22:55

When performing a risk assessment, all risk should be eliminated, no matter the cost of the control.

O True O False

+1
Answers (1)
  1. 7 May, 23:13
    0
    False

    Explanation:

    Risk Assessment refers to a process designed to identify possible risks and hazards at workplace which can potentially cause harm particularly to people.

    Once the risks are identified, they need to be evaluated on the basis of their likeliness or chances of occurrence.

    Risk control refers to the actions undertaken for evaluating risk evaluation decisions.

    It is noteworthy that only those risks can be eliminated which are successfully identified and thus there will always be a possibility of some risks going unidentified.

    Hence it is not practically possible to eliminate all risks.

    Hence the given statement is False.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When performing a risk assessment, all risk should be eliminated, no matter the cost of the control. O True O False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. For the soap making opportunity she anticipates annual revenue of $465,000 and costs for the necessary land, labor and capitol of 395,000 per year.
Answers (1)
Campbell Air is a large airline company that pays a customer relations representative $3,850 per month.
Answers (1)
Generally speaking the blank the risk the blank the potential return or loss
Answers (1)
Nearly 144 million Americans have general purpose credit cards. Approximately how many of them pay off their bill in full each month? a) 55 million. b) 90 million. c) 115 million.
Answers (1)
The law firm of Barnes & Cohen purchased a new $17,600 copier. Copying costs will be shared by the purchasing, accounting, and information technology departments since those are the only departments that will have access to the machine.
Answers (1)
New Questions in Business
Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?
Answers (2)
The most serious derailment pattern for leaders seeking promotion is:
Answers (1)
Which of the following statements is false about wind power? A. It is a clean source of energy B. It is most profitable in areas that have fairly continual winds C. It is the least competitive of all forms of renewable energy, in terms of cost D.
Answers (1)
Frankie is a buyer for a department store and is buying some handbags at a cost of $30 from a vendor. He desires to have a 60 percent markup to meet the financial goals of this category. What will be the retail price of these handbags?
Answers (1)
The type of contract that comes into existence by simply speaking to one another is
Answers (2)
Home » Business » When performing a risk assessment, all risk should be eliminated, no matter the cost of the control. O True O False
Sign Up Forgot Password?