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What is risk management

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Reference no: EM133145044

Question - The following units of an inventory item were available for sale during the year:

Governance, business ethics, risk management and internal control.

1. What is risk management?

2. What are the basic approach in managing risk?

3. What are the basic principles of risk management?

4. What are the elements of the risk management process?

5. What are the key elements that the company-wide risk management system should possess?

6. What is the advantage of defining the categories into which risks fall?

7. Explain how the following types of risk catalyst might trigger risk

a. Technology

b. Organizational charge

c. Processes

d. People

e. External factors

8. What are the stages in managing the enterprise wide risk?

9. What are some of the financial tools that can be applied in making strategic financial decision affecting profitability?

10. Enumerate and explain at least (7) practical technique to improve profitability?

Reference no: EM133145044

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