Question: The first step in creating an effective risk - management system is to understand the qualitative distinctions among the types of risks that organizations face.

The first step in creating an effective risk

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management system is to understand the qualitative distinctions among the types of risks that organizations face.

Kaplan and Mikes identify three categories of risk. Which category is best managed through active prevention: monitoring operationa' processes and guidine people's behaviors and decisions toward desired norms?

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