Question: The risk management process involves a step-by-step approach to deal with the obstacles related to a specific risk. Consider a business that you frequent, and

The risk management process involves a step-by-step approach to deal with the obstacles related to a specific risk.

Consider a business that you frequent, and consider the risk exposure related to one aspect of that business. For example, take the risk exposure of your local gas station related to oil prices. If oil prices are high, how will they afford the next shipment?

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