Question: Q.1 Thoroughly explain what Risk Management is, Include key components, explain risk identification, identify those that can be faced by the company in the article
Q.1 Thoroughly explain what Risk Management is, Include key components, explain risk identification, identify those that can be faced by the company in the article or abstract.
-Risk evaluation, you will quantify the risks likely to be faced.
-Risk assessment, evaluate the probability as well as potential impact of the particular risk, include likelihood.
-Also include strategies to mitigate or limit the impact of such risks.
-Risk control-put measures that the organization can have in place to control the risks that the organization can face.
Q.2 Systematic and Unsystematic
-Fully differentiate between the two and give an example of each.
-Do thourough research on the two.
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