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Before discussing risk management we need to understand what is risk? A risk is uncertainty of outcome. When an action is taken, and the probability of the outcome is uncertain, it is called as risk. There are risks involved in every action that is taken. Setting up a business is a risk, buying a house …

Before discussing risk management we need to understand what is risk? A risk is uncertainty of outcome. When an action is taken, and the probability of the outcome is uncertain, it is called as risk. There are risks involved in every action that is taken. Setting up a business is a risk, buying a house …