GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a company may also take the opposite approach and invest in new resources if they feel their current ones are not substantial enough to handle the risks
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a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
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once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
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consists of minimizing the effects of risks, improving existing business systems and investing in new resources
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employment laws, restrictions on trade, tax policies
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Detailed explanation-1: -Risk management is the process and strategy that investors and companies alike employ to minimize risks in a variety of contexts. Risk management can range from investing in low-risk securities to portfolio diversification to credit score approval for loans and much more.
Detailed explanation-2: -Risk tolerance measures how much risk a trader is able to stomach within his or her portfolio. Risk-tolerant traders are willing to take on higher risks in return for maximum returns, while risk-averse traders avoid risk, even if that means missing out on higher returns.
Detailed explanation-3: -Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These risks stem from a variety of sources, including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.
Detailed explanation-4: -4 Types of Risk Management. The four types of risk management are quite different and cover a wide range of scenarios. Risk Avoidance. Risk Reduction. Risk Transfer. Risk Retention. 15-Nov-2022