Benefits of risk management
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1. What are the benefits of risk management? What is the difference between hard and soft risk management benefits? Why would an organization choose one risk management benefit over another?
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Solution Summary
The solution explains the benefits of risk management to an organization.
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Risk management refers to the use of techniques such that the cash flows of the organization are protected from adverse conditions. The benefit of risk management is seen in the value of the organization which is preserved or enhanced since the cash flows are protected.
Hard risk refers to risks which can be quantified such as exchange risk or risk due to changes in ...
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