Question

Which component of risk management addresses how organizations establish a risk context —that is, describing the environment in which risk -based decisions are made?

A. Frame
B. Assess
C. Respond
D. Monitor

Answer 1

The component of risk management that addresses how organizations establish a risk context is Frame.

Step-by-step explanation:

The component of risk management that addresses how organizations establish a risk context is Frame. This involves describing the environment in which risk-based decisions are made. By establishing a risk context, organizations can understand the factors that influence their risk landscape and make informed decisions to manage risks effectively.