Risk __ is the process of analyzing exposures that create risk and designing programs to handle them.
A. O management
B. O transfer
C. O acceptance
D. O administration

Risk management is like being the captain of a ship navigating through stormy seas! It involves identifying the potential dangers that could capsize your vessel—be it financial losses, safety threats, or reputational risks—and crafting clever strategies to steer your crew safely to calmer waters. By implementing risk management techniques, organizations can minimize losses while maximizing opportunities for growth.

In the real world, businesses encounter risks daily, from data breaches to natural disasters. A classic example is the insurance industry, where companies assess risk through detailed evaluations and then devise tailored insurance plans to mitigate those risks. By analyzing various exposures, they can protect against significant financial hits and keep their operations afloat like a trusty life raft!