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Question 1 (a) Risk management is sometimes described as the process of identifying and...

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Accounting

Question 1

(a) Risk management is sometimes described as the process of identifying and evaluating the trade-off between risk and expected return, and choosing the appropriate course of action. Explain FOUR (4) alternatives for managing risks. (16 marks)

(b) Explain Three (3) aspects that determine whether financial risk management is successful in an organization. (9 marks)

please give more explanation will give you an upvote!!!!

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