Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. discuss the meaning of risk management. identify a

Discuss the meaning of Risk Management. Identify and briefly describe the 4 basic techniques available to...

50.1K

Verified Solution

Question

Finance

Discuss the meaning of Risk Management. Identify and brieflydescribe the 4 basic techniques available to the risk manager fordealing with pure risks and give an example of each.

Answer & Explanation Solved by verified expert
3.6 Ratings (343 Votes)
Risk management is a process of identifying controlling avoiding minimizing and eliminating the threats in an organization These threats can be anything financial difficulty legal matters accidents and natural disasters The 4 basic techniques of risk management arerisk control is important for the long term sustainability and    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Discuss the meaning of Risk Management. Identify and brieflydescribe the 4 basic techniques available to the risk manager fordealing with pure risks and give an example of each.

Other questions asked by students

Chemistry
1.2K views

1. In this distillation experiment we start the experiment with 10 mL of liquid mixture ofcyclohexane...

Biology
1.2K views

The figure below shows the normal pattern of chromosomal separation during Meiosis I and M...

Biology
1.2K views

All of the following take place in the nucleus of a eukaryotic cell except tRNA...

Physics
1.2K views

The total work done on a particle is equal to the change in its kinetic...

Physics
1.2K views

The graph shown below shows variation of de Broglie wavelength A versus where Vis accelerating...

Statistics
1.2K views

Suppose that a study of elementary school students reports that the mean age at which...

Calculus
1.2K views

In Exercises 31 40 find the Taylor series centered at c and the interval on...

Algebra
1.2K views

The equation of the piecewise defined function f x is below What is the value...

Accounting
1.2K views

The accounting records of Pacer Foods Inc. include the following items at December 31, 2017...

Accounting
1.2K views

Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under...

Accounting
1.2K views

Please answer the following questions, thanks! 1. What distinguishes a merchandising business from a service...

Accounting
1.2K views

If a potential investment has a NPV of -2,000, does that mean that the investment...