When attempting to assess financial risk when accurate financial impact cannot be determined, which of the following is the MOST appropriate approach to risk assessment?
A. Quantitative risk assessment
B. Decision support system approach
C. Qualitative risk assessment approach
D. Quantum risk assessment approach
Answer: C. Qualitative risk assessment approach
Business
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Self-esteem needs include such elements as recognition, attention, prestige, and status
Indicate whether the statement is true or false.
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When faced with a risk of loss that is low frequency-high severity in nature, a prudent risk manager would choose which of the following methods for handling the loss exposure?
A) self-insure B) avoidance C) transfer D) mediate
Business