Question: a) Risk management process is a detailed plan that if well adhered to, saves the organizations many losses. Articulate in brief the risk management process

a) Risk management process is a detailed plan that if well adhered to, saves the organizations

many losses. Articulate in brief the risk management process that should be in place for a

manufacturing firm. [6 marks]

b) Explain the various risk management standards that exist [4 Marks]

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