The level of risk individual or group is willing to accept is called?

The level of risk individual or group is willing to accept

The level of risk individual or group is willing to accept Acceptable level of risk Organization is willing to take risk, in anticipation of the benefit to them. In general the risk attitudes of organizations is classified into 3 themes which are risk appetite, risk tolerance and risk threshold. Analytical techniques like strategic risk scoring sheets and stakeholder risk profile analysis provide information about the stakeholders' risk attitude, risk appetite, threshold and their risk tolerance level. Based on this assessment project team develop the approach to allocate resources to execute risk management activities. The level of risk individual or group is willing to accept is called? A. Risk threshold. B. Risk appetite. C. Risk tolerance. D. Secondary risk. Answer: Option B is correct. The level of risk individual or group is willing to accept is known as risk appetite. Risk appetite: Acceptable level of risk an organization is willing to take in anticipation of the benefit arising from them. In general the risk attitude of organizations is classified into 3 themes which are risk appetite, risk tolerance and risk threshold.

Acceptable level of risk Organization is willing to take risk, in anticipation of the benefit to them. In general the risk attitudes of organizations is classified into 3 themes which are risk appetite, risk tolerance and risk threshold. Analytical techniques like strategic risk scoring sheets and stakeholder risk profile analysis provide information about the stakeholders' risk attitude, risk appetite, threshold and their risk tolerance level. Based on this assessment project team develop the approach to allocate resources to execute risk management activities. The level of risk individual or group is willing to accept is called?

A. Risk threshold.
B. Risk appetite.
C. Risk tolerance.
D. Secondary risk.

Answer: Option B is correct. The level of risk individual or group is willing to accept is known as risk appetite.

Risk appetite:

Acceptable level of risk an organization is willing to take in anticipation of the benefit arising from them. In general the risk attitude of organizations is classified into 3 themes which are risk appetite, risk tolerance and risk threshold.
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