Question: Part A: Risk Identification and Assessment ( 1 2 Marks ) Define enterprise risk management ( ERM ) and its importance in mitigating organizational risks,

Part A: Risk Identification and Assessment (12 Marks)
Define enterprise risk management (ERM) and its importance in mitigating organizational risks, as per the prescribed textbook.
Discuss the process of risk identification and assessment, including risk categorization, probability assessment, and impact analysis.
Part A: Risk Identification and Assessment (12 Marks) Define enterprise risk

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