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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1438 |
Essay's paper body
Risks will require further assessment (as shown in the next component) while opportunities will be considered under re-evaluation of objective setting.
Risk Assessment
Risks can be analyzed both according to their likelihood of occurrence and their potential for creating loss or damage and assessed as per the perspectives of the internal environment...
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The management may choose to either avoid or accept the risk, or find ways to reduce it and its negative impact.
Control Activities
A company must have pre-determined policies and procedures in place to ensure risk responses are appropriate, aligned with company philosophy and are implemented effectively...
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