What is the five-step process for risk management?

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Multiple Choice

What is the five-step process for risk management?

Explanation:
Risk management follows a five-step cycle: identify hazards, assess hazards, develop controls and make decisions, implement controls, and supervise and review with feedback. The best choice matches this sequence exactly and includes the feedback loop, which is essential for ensuring the measures work and for making improvements over time. The third step pairs developing controls with making decisions on which controls to use, then the fourth step puts those controls into action, and the final step checks effectiveness and feeds lessons back into the process. Other options shift wording (such as using evaluate instead of assess, or develop solutions instead of develop controls) or omit the feedback element, which breaks the ongoing improvement part of risk management.

Risk management follows a five-step cycle: identify hazards, assess hazards, develop controls and make decisions, implement controls, and supervise and review with feedback. The best choice matches this sequence exactly and includes the feedback loop, which is essential for ensuring the measures work and for making improvements over time. The third step pairs developing controls with making decisions on which controls to use, then the fourth step puts those controls into action, and the final step checks effectiveness and feeds lessons back into the process. Other options shift wording (such as using evaluate instead of assess, or develop solutions instead of develop controls) or omit the feedback element, which breaks the ongoing improvement part of risk management.

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