This is a problem from Risk Management book by Scott E. Harrington 1.Advice Mr Raju about the...

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Finance

This is a problem from Risk Management book by ScottE. Harrington
1.Advice Mr Raju about the different approaches ofrisk prevention techniques along with a risk managementmethods.
This is not required a case. The name is used only toadvice a Person assuming he is a manager of a company

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Business risk comes in a variety of tangible and intangible forms over the course of the business life cycle Some risks occur during the ordinary course of corporate operations while others are due to extraordinary circumstances that are not easily identified Regardless of a companys business model industry or level of earnings business risks must be identified as a strategic aspect of business planning If youre a business leader then you already know the importance of risk control Its imperative that your business has a formal policy to limit the loss of assets and income Here are the 6 techniques associated with risk control Avoidance Avoidance is the best means of loss control This is because as the name implies youre avoiding the risk completely If your efforts at avoiding the loss have been successful then there is a 0 probability that youll suffer a loss from that particular risk factor anyway This is why avoidance is generally the first of the risk control techniques thats See Answer

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