Arrange the following risk management steps in the correct chronological order, from first to last: - Assess the exposure - Choose a risk response (such as acceptance, avoidance, or transfer) - Identify the exposure

### The order 1. **Identify the exposure being considered**: You need to know what situation or activity could lead to a loss before you can examine it. 2. **Assess the exposure**: The material refers to risk assessment; examining the identified exposure supports an informed decision. 3. **Choose a response such as acceptance, avoidance, or transfer**: The source names these as risk-management options, so the response follows consideration of the exposure. ### The concept This sequence is a general reasoning order, not a detailed procedure quoted from the damaged source. The readable material mentions assessment and names three options, but it does not provide a full workflow. Identifying and assessing an exposure before choosing how to respond is a logical way to connect those recognizable topics. Acceptance retains the exposure, avoidance removes its source activity, and transfer shifts some agreed consequences to another party. ### Terms - **Exposure**: A situation or activity that could lead to a loss. - **Risk assessment**: Examination of an exposure to understand it. ### Remember Understand what the exposure is before choosing how to respond.