Question

Which type of management is considered as a structured approach in managing uncertainty related to threat?

• A. Total Quality Management
• B. Supply Chain Management
• C. Risk Management
• D. None of the above

Answer 1

The correct option is C Risk Management

Risk management refers to the practice of identifying potential risks in advance,analyzingthe demand taking precautionary steps to reduce/curb the risk. Thus, Risk Management is considered as astructured approach in managing uncertainty related to threat.