Question

For the first time in a very long time (perhaps ever!), the concept of financial risk and risk management has become a topic of concern at Presidential press conferences. Such concern has centered on esoteric financial products such as derivatives that are used to manage risk. What is the significance and importance of sound business decision-making in risk and risk management in business? Please, include specific references

Answer 1

Every day a business is required to make decisions. Some of these decisions can be simple and straight-forward and others can be complex and risky. Risk management provides the mechanism to make intelligent decisions with risk reduction as a key component