Business Studies, asked by rijaabjafar84391, 2 months ago

What does good operational risk management systems do when embedded in a business

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Answered by rajusubha
0

Answer:

Operational Risk Management attempts to reduce risks through risk identification, risk assessment, measurement and mitigation, and monitoring and reporting while determining who manages operational risk. These stages are guided by four principles: Accept risk when benefits outweigh the cost. Accept no unnecessary risk.

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