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    ___________ identifies a process by which the organization attempts to supply the information required for making sound management decisions

    +1  Views: 2165 Answers: 1 Posted: 7 years ago

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    RISK MANAGEMENT


                                    Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.



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