Explain the differences between outcomes-causes and risks

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1. Explain the differences between outcomes, causes, and risks. Provide an example of each that was not covered in the book. What are the implications of confusing these?

2. Is the term inherent risk helpful? How could it help and/or hinder the assessment of risk? Do not use Investopedia to answer this question. Be creative!

3. What are the possible complications of moving from assessments of predefined sets of risks to using top-down objectives based on the balanced score card approach?

Reference no: EM133148057

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