A risk management system should mean that a company will ____________________.

Avoid all risks

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Reject any attempt to categories risk

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Consider the likelihood of risks materializing

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Establish risk-avoiding controls irrespective of their costs

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Solution

The correct option is C Consider the likelihood of risks materializing
A risk management system should mean that a company will consider the likelihood of risks materializing. Risk management system deals with identifying and controlling threats to an organization's earnings.

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