Only events that result in uncertain outcomes represent risks that should be managed. Select one: True False

Analysis of the Statement

1. Understanding Risk: Risk is generally defined as the potential for loss or damage when a decision is made or an action is taken. Managing risk often involves anticipating uncertainties.

2. Events with Certain Outcomes: Events that produce certain outcomes may not be classified as risks because they do not involve uncertainty. For example, if an event will surely happen without any variation, it does not create a risk in the conventional sense.

3. Implications: The essence of risk management is to deal with uncertainties that can impact the achievement of objectives. If an outcome is certain, there is no inherent risk to manage.

Conclusion

Based on the definitions and implications discussed, it can be concluded that the statement is True. Only events that result in uncertain outcomes classify as risks that should be managed.