Which principle of risk management emphasizes that some decisions must be made by an appropriate decision-making authority?

The principle that emphasizes the importance of making risk decisions at the appropriate level is essential for effective risk management because it recognizes that different levels of authority possess varying degrees of responsibility and insight into potential risks. Decisions made at the appropriate level are more likely to consider relevant factors, such as the organization's risk appetite, the impact of the risks, and the necessary resources to manage those risks properly.

This principle ensures that individuals with the right expertise, information, and authority are involved in the decision-making process, leading to more informed and effective outcomes. It also helps prevent bottlenecks that can occur when decisions are escalated to higher levels unnecessarily or when those lacking the necessary context make decisions without adequate support.

Other options focus on different aspects of risk management, such as assessing risks or involving all personnel, but they do not specifically address the importance of decision-making authority in the process.