Question 17As it relates to risk, management must do all of the following except:Eliminate all…

➤ How do you prioritize risks?
Prioritize risks by evaluating likelihood and impact, often using a risk matrix or scoring system. Combine qualitative judgments with quantitative data like expected loss. Focus first on high-likelihood, high-impact risks and those affecting critical assets or compliance. Reassess priorities regularly as business conditions and controls change.