Answer:
The risk management principle involved here is avoid uncalculated or unnecessary risk.
Explanation:
The principle involved here is to avoid uncalculated risks or unnecessary risks. Risk decisions are meant to be calculated or clearly studied before making them. Risk decisions are meant to be effectuated at the right time, in the right way and the right degree.
Given the above scenario, the choices were given and the best of this choice must be taken, so, avoidance of unnecessary risks is very essential in this.
Risk management is a defined process of identification, evaluation, and prioritization of risks followed by coordination.
The economical application of resources in order to minimize, monitor, and control the probable impact of unfortunate events and maximize the opportunities.
The risk management principle involved here is to avoid uncalculated or unnecessary risk.
To know more about the risk management principle, refer to the link below:
https://brainly.com/question/10252605
