Risk Management By Kellie DeForest Intro to Business Mr. Mandau March 26, 2004 Research Project: #5 <Tab/> Risk Management Risk management is described- as "the process of evaluating the risks faced by a firm or an individual and then minimizing the costs involved with those risks (2001)". In other words, its how a business or an individual protects himself or herself from loss or injury that could occur. There are many types of risk management …
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showed last 75 words of 1398 total
…greater goals. The opportunity for advancement cannot be achieved without the possibility of risk. Risk is essential to progress, but proper risk-management techniques, the risks can be greatly reduced. <Tab/> <Tab/> <Tab/> References Dlabey, Les, Hughes, Robert, J, & Kapoor, Jack R. (2001). Personal Finance. McGraw- <Tab/>Hill Companies. Von Scoy, Roger, L. (2004). Risk Versus Opportunity. Carnegie Mellon University