Question

By eliminating uncertainty, the organization or function takes steps to guarantee that positive risk events will happen and negative ones will not happen. These steps must be thoroughly researched and analyzed to establish that desired absolute degree of certainty.

Describe a Positive Risk Event

Describe a Negative Risk Event

Answer 1

A positive risk event has a positive impact on an organization or function, while a negative risk event has a negative impact.

Step-by-step explanation:

A positive risk event refers to an event that has a positive impact on an organization or function. It is an unexpected outcome that leads to beneficial results. For example, a positive risk event for a business could be the launch of a successful new product, resulting in increased revenue and market share.

A negative risk event, on the other hand, is an event that has a negative impact on an organization or function. It is an unexpected outcome that leads to detrimental results. For instance, a negative risk event for a business could be a major product recall, resulting in reputation damage and financial losses.