Palmer Polymers is changing from a traditional risk management program

Palmer Polymers is changing from a traditional risk management program to an enterprise risk management program. As a first step, the risk manager determined all the risks that the organization faces.

Next, she created a grid with loss frequency on the x-axis and loss severity on the y-axis. Then she plotted all of the loss exposures based on frequency and severity. The grid and the plotted loss exposures are called a
A) probability distribution.
B) catastrophe model.
C) risk map.
D) risk management information system.

ANSWER

Answer: C