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What is the purpose of risk assessment for a company? Explain and an example.

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What is the purpose of risk assessment for a company? Explain and an example.

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What is the purpose of risk assessment for a company? Explain and an example.

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A thorough risk assessment is an invaluable tool for a company. The purpose of a risk assessment is to show the company where the greatest areas of risk or vulnerabilities are present within the company. Management can then form an appropriate strategy to mitigate the risks to the greatest extent possible.

Examples of risk assessments ...

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