Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the significance and importance of sound b

What is the significance and importance of sound business decision-making in risk and risk management in...

80.2K

Verified Solution

Question

Finance

What is the significance and importance of sound businessdecision-making in risk and risk management in business?

Answer & Explanation Solved by verified expert
4.1 Ratings (499 Votes)
Decision making It is a process of choosing best alternative by evaluating and analyzing the advantages and disadvantages of all the available alternatives Risk It is the uncertainty of occurrence of any event Risk management It    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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

What is the significance and importance of sound businessdecision-making in risk and risk management in business?

Other questions asked by students

Q

What is a minority group? How are minority groups created (expansion / migration) Explain

Psychology
Q

(Torsion Expirement) strenght of materials (+200 words) Describe the behavior of the material as it respond...

Mechanical Engineering
Q

magnification produced by an astronomical telescope for normal adjustment is 10 and the length of...

Physics
Q

a a x x 25 The domain in interval notation is Part 2 of 3...

Basic Math
Q

The timeplot below gives the share price in dollars of General Electric stock with the...

Statistics
Q

6 2 0 2 3 10 7 1 2 1 2 11 8 9 1...

Statistics
Q

Evaluate [F.dr if F(x, y) = (4e)i + (4xe')] and the curve C is line...

Algebra
Q

Determine whether the function is even odd or neither Then determine whether the function s...

Algebra
Q

Beta Company has the following beginning and ending inventory balances for the current year ended...

Accounting
Q

P14.11 On April 1, 2023, Taylor Corp. sold 12,000 of its $1,000 face value, 15-year,...

Accounting
Q

27) Los bonos que pueden ser canjeados por acciones ordinarias a opcin de los...

Accounting
Q

Required information Problem 11-41 (LO 11-3, LO 11-4) (Algo) (The following information applies to the...

Accounting