How can understanding risk management topics in everyday life? all answers are correct it can you evaluate the risks involved with situations you might face while driving, hanging out with friends, or being adventurous. it can you avoid large medical bills incurred because you have no medical insurance. it can safeguard your credit and protect you from lawsuits?

All answers are correct

Risk is an uncertain future event or condition which if happens affect the mission objective. All types of organizations and people face with some forms of risks which may affect their chance of success. It is important to understand the risks and efficiently managing them will greatly help in achieving long term success. Risk management can be a vital tool to eradicate potential problems in an organization or from a person’s life on everyday basis.

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