Question: Question 8 (10 marks) Mark to review this question at the end of the exam Effective risk management practices are critical for a firm's strategic

Question 8 (10 marks) Mark to review this question at the end of the exam Effective risk management practices are critical for a firm's strategic success. Any decision comes with a degree of risk. Similarly, projects implemented within a company come with potential risks for loss and additional costs. Briefly describe the four risk mitigation strategies that a company might use to help deal with risk. (2.5 marks each)

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