Certification in Risk Management Assurance (CRMA) Practice Exam 2025 - Free CRMA Practice Questions and Study Guide

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What is the primary goal of risk management?

To minimize the negative impacts of risks on organizational objectives

The primary goal of risk management is to minimize the negative impacts of risks on organizational objectives. This approach involves identifying, assessing, and prioritizing risks, followed by the implementation of strategies to mitigate or manage those risks effectively. By focusing on minimizing adverse effects, organizations can safeguard their resources, maintain operational efficiency, and achieve their strategic goals.

Risk management is not solely about maximizing profits; rather, it balances the potential for profit against the associated risks. Additionally, while compliance with regulatory requirements is an important aspect of risk management, it is not the primary goal. Risk management also recognizes that it is impossible to eliminate all forms of uncertainty. Instead, the objective is to understand and manage risks to navigate uncertainties effectively and maintain a stable path toward achieving organizational objectives.

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To maximize profits only

To ensure compliance with all regulatory requirements

To eliminate all forms of uncertainty

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