Definition of "Identification"

Preston  Murphy & Diane Harmon real estate agent
Preston Murphy & Diane Harmon, Real Estate Agent Keller Williams Realty

First step in the risk management process. The objective is to determine the sources of losses. For example, the profit and loss statement of a business firm not only shows the sources of its earnings but identifies exposures that these sources face from various perils, such as worker injuries, ill-designed products, and hazardous manufacturing conditions.

 

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