According to ISO 31000, which of the following is a principle of risk management?

According to ISO 31000, which of the following is a principle of risk management?
A . Dynamic
B . Qualitative
C . Reliability

Answer: A

Explanation:

According to ISO 31000, a principle of risk management is that it should be dynamic. This means that risk management practices should be flexible and able to adapt to changes in the internal and external environment of the organization. Risks are constantly evolving due to changes in technology, regulatory requirements, market conditions, and other factors, and risk management must be capable of responding to these changes. Option A is correct because it aligns with this principle. Option B (Qualitative) refers to a method for assessing risk rather than a principle of risk management, and Option C (Reliability) is not listed as a principle in ISO 31000.