Which of the following management recognizes, examines, and corrects hazards to prevent their occurrence in the future?

Incident Management is the correct answer because it focuses on recognizing, examining, and correcting hazards to prevent their reoccurrence. This management process is crucial within IT and cloud security, as it involves not just addressing immediate incidents, such as security breaches or service outages, but also analyzing the root causes of those incidents. By conducting thorough post-incident reviews, the organization can identify vulnerabilities or procedural failures that contributed to the incident, enabling them to implement corrective actions. This proactive approach minimizes the likelihood of similar incidents occurring in the future, thereby improving overall security and operational resilience.

In contrast, the other management processes contribute to overall IT governance and risk management but do not specifically target the prevention of future occurrences of identified hazards. Problem Management, for instance, deals with identifying and resolving the root causes of incidents after they have occurred but isn't solely focused on correcting hazards for the future. Continuity Management is concerned with ensuring that business operations can continue during and after a disaster, while Change Management focuses on managing changes to IT systems and services in a controlled manner. Each has its distinct focus area but does not primarily seek to prevent the reoccurrence of hazards in the way that Incident Management does.