Implementing corrective actions.

Identifying potential risks

Evaluating risk impact.

Monitoring risk events.

Correct! Wrong!

The first step is identifying the risks the organization faces, whether they are financial, operational, or regulatory in nature.

By the cost of mitigation.

By the potential harm and likelihood of occurrence

By employee seniority.

By the number of incidents.

Correct! Wrong!

Risks should be prioritized based on their potential impact on the organization, with high-impact risks addressed first.