Answered: _______________________involves the…

_______________________involves the steps taken by management to increase the likelihood that the objectives setdown at the planning stage are attained.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

ChapterC2: Spatial Technology, Inc.

Section: Chapter Questions

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Concept explainers

Risk Management Techniques

Risk management is the procedure of recognizing, analyzing, monitoring, and preventing the risks and threatening factors of investments and business. Risks can arise from various factors including internal controls, market changes, natural disasters, and failure in productions. Risk management techniques enable entities to control and minimize the risks as well as the threatening factors of the business and it also helps to improve the business.

Question

_______________________involves the steps taken by management to increase the likelihood that the objectives set
down at the planning stage are attained.

Expert Solution

Step 1

Controlling:

Controlling foresees that the organization operates in the planned manner and attains its goals.

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