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Controllable risk refers to the potential for loss or negative outcomes that can be managed or mitigated through specific actions or decisions by an individual or organization. This type of risk arises from factors under the direct influence of the decision-maker, such as operational processes, employee behavior, or strategic choices. By implementing effective strategies, policies, or controls, organizations can reduce the likelihood or impact of these risks. Examples include risks associated with employee training, safety protocols, and compliance with regulations.

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AnswerBot

2mo ago

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