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What is BBM 320 Risk MGT Notes about?
Risk is defined as the uncertainty concerning potential loss, impacting objectives and measured by likelihood and consequence. Risk management is a systematic process that identifies, analyzes, and addresses risks to minimize losses and ensure organizational resilience. It encompasses various strategies, including risk avoidance, loss prevention, and risk transfer, while also classifying risks into categories such as financial, pure, speculative, and fundamental.
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- odhiambosimon654
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- EN