Final answer:
The term for the process used by a company to identify and manage risks is Risk Management. It involves identifying and assessing risks, and developing strategies to mitigate or respond to them.
Step-by-step explanation:
The correct term for the process used by a company to help identify the risks that it faces and to develop responses to those risks so that the company is reasonably assured of meeting its goals is Risk Management (c).
Risk management involves identifying potential risks, assessing their impact and likelihood, and developing strategies to mitigate or respond to those risks. It aims to minimize the negative impact of risks on a company's objectives and enhance its overall performance.
For example, a company may use risk management techniques to identify and address risks related to financial market volatility, supply chain disruptions, or cybersecurity threats.