Question: Question 3 ( a ) Discuss the 4 approaches to handling risk, giving examples of each approach. ( Total 1 2 marks ) ( b

Question 3
(a) Discuss the 4 approaches to handling risk, giving examples of each approach.
(Total 12 marks)
(b) It is recommended that financial plans be periodically reviewed. Discuss TWO (2) possible reasons why such reviews are necessary and how frequently these reviews should occur.
(Total 10 marks)

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