State whether each of the following statements is TRUE or FALSE. 1. Risk is a measure of likelihood and fatalities of ev

[answerhappygod]

State whether each of the following statements is TRUE or
FALSE.
1. Risk is a measure of likelihood and fatalities of events in a
business.
2. A systems approach to risk management is one that takes a
more holistic view of the process for solving problems, rather than
simply prescribing a linear ‘step-by-step’ process. 3. Business
risks only exist in developing economies.
4. Opportunities for gain are hidden in business risks.
5. Obtaining insurance is one of the most common methods of risk
management.