Question 4

Read the question and record your response in the blank page which follows.

Answer the following questions separately:

a)Outline/list and explain a range of risks and contingencies and risk management options relating to financial and business performance.

b)When a business suffers a monetary loss due to an operational error, briefly explain what should the business do to prevent this loss from happening again.

c)Discuss in detail how businesses can manage external, non-market risks that are beyond their control.

d)What financial products can businesses use to manage currency risk?

e)What is the key factor for businesses to avoid business cycle risk?