Risk Management in Business
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Questions and Answers

What is the definition of risk according to the given text?

  • The possibility of gaining profit
  • The possibility of suffering harm or loss (correct)
  • The management and control of risk
  • The relation between risk and return

    • In what way can credit risk be divided according to the given text?

  • Management risk, financial risk, and market and industry risk (correct)
  • Strategic risk, operational risk, and financial risk
  • Market risk, industry risk, and financial risk
  • Operational risk, financial risk, and market risk

    • What is meant by 'appetite for risk' as discussed in the text?

  • The capacity to handle risks effectively
  • The tendency to take risks without considering the consequences
  • The willingness to avoid all forms of risk
  • The differing attitudes towards and tolerances for risk (correct)

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