Which of the following statements about risk management is true? a. risk management is concerned with reducing exposure to legal. b. risk management is spontaneous response to an unexpected incident. c. risk management is controlled and managed by hipaa regulation. d. risk management is unique to the health care industry.

Risk management is the process of identification, analysis and acceptance or mitigation of threats and uncertainties to a company's assets.  the five steps of this process are: identifying the risk, analyzing the risk, evaluating the risk, treating the risk and monitoring the risk.

The following statements about risk management is true: Risk management is concerned with reducing exposure to legal liability. Correct A