risk management is an activity most likely associated with a firm's
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In the world of finance, risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce/curb the risk. ... On the other hand, investment in equity is considered a risky venture.
steps to get rid of risk
- Step 1: Identify the Risk. ...
- Step 2: Analyze the risk. ...
- Step 3: Evaluate or Rank the Risk. ...
- Step 4: Treat the Risk. ...
- Step 5: Monitor and Review the risk.
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