Question

_________ is best used when you have limited time and resources to develop a risk assessment, make decisions, and act.

a) Deliberate risk management
b) Strategic risk management
c) Reactive risk management
d) Proactive risk management

Answer 1

Reactive risk management is best used when you have limited time and resources to develop a risk assessment, make decisions, and act. Option C

Step-by-step explanation:

The correct answer to this question is c) Reactive risk management. Reactive risk management is a mode of handling risks after they have occurred, as opposed to anticipating them in advance. It is best utilized when there is insufficient time or resources to thoroughly identify and evaluate potential risks, develop a comprehensive risk assessment, and then implement a proactive plan.

In a reactive approach, decision-making and actions are swift responses to emerging or present risks that require immediate attention. Option c