BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the different kinds of risks?
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Pure and speculative risk
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Diversifiable risk and non-diversifiable risk
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Enterprise risk
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Physical hazard
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Explanation:
Detailed explanation-1: -What Are the 3 Types of Enterprise Risk? ERM often summaries the risks a company faces into operational, financial, and strategic risks. Operational risks impact day-to-day operations, while strategic risks impact long-term plans. Financial risks impact the general financial standing and health of a company.
Detailed explanation-2: -The five types of risks include financial, operational, hazard, compliance, and strategic risks. In addition, it involves certain internal and external factors. ERM helps to protect companies from any sudden threat or loss.
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