Risk management process follows the following steps in which logical sequence?
A. Selection of appropriate risk model for analysis
B. Identification of risk variable
C. Determination of frequency and severity of risk
D. Feedback on the risk management process
E. Application of a suitable risk instrument
Choose the correct answer from the options given below
1
E, A, B, C, D
2
C, B, A, D, E
3
B, C, A, E, D
4
A, C, B, D, E