Consider the following statements: Statement 1: The risk tolerance discussion is about the defining actions...
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Accounting
Consider the following statements:
Statement 1: The risk tolerance discussion is about the defining actions that management should take to minimize losses.
Statement 2: Limiting the amount of money that can be spent on hedging strategies is a part of risk budgeting. Which of the following is most likely?
a) Only Statement 1 is correct.
b) Only Statement 2 is correct.
c) Both statements are incorrect.
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