Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter C, Problem 3DCS
  1. 3. Much of risk management consists of reducing risky behavior. What kinds of risky behavior have you observed among fellow college students? How can college students learn about and minimize these risks? Are they doing so? Discuss the merits of having a risk manager for education facilities.
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What is risk management? How should risks be tracked? Give some instances of dangers and their symptoms?
Risk analysis is a critical component of risk management. When conducting this activity, what are the two components of risk that must be analyzed? Why are they  important?
Explain the economics of risk management? Why it is critical to understand this concept?
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