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      Question

      What is the primary goal of risk management?

      A To minimize the impact of potential losses. Correct Answer Incorrect Answer
      B To eliminate all uncertainty Correct Answer Incorrect Answer
      C To maximize profits Correct Answer Incorrect Answer
      D To avoid all risks Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The primary goal of risk management is to identify, assess, and control potential losses to minimize their impact on an individual or organization.

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