Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Why is it vital to retain periodic records as part of the risk management process?
Expert Solution

Step 1
Risk management
Managing the risk related to an organization is known as risk management. It is a process that involves identifying, analyzing, and controlling the risks that affect the smooth performance of an organization. Risk management helps to reduce the uncertainties associated with investment decisions.
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