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Category : analyses

Risk Management Policies in an Organisation and Procedures

1.  In a short sentence for each, explain the meaning of these terms: Risk. Risk management. Risk appetite. Risk capacity. RISK: A risk is a potential and uncertain damage in the organisation or people in the organisation, which might be caused by internal and external factors of the organisation, risks should be economical, physical, psychological, and political, risks are not always negative; sometimes risks are taken by the organisation to improve their economic or environmental situation. RISK MANAGEMENT: Is the pr... More
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