Question: Question 5 (20 Marks) 5.1 Explain in detail the difference between pure risk and speculative risk. (8 marks) 5.2 Provide and explain FIVE (5) examples

Question 5 (20 Marks)

5.1 Explain in detail the difference between pure risk and speculative risk. (8 marks)

5.2 Provide and explain FIVE (5) examples of process risk. (10 marks)

5.3What is the importance of risk management in an organization?

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