risk

Learning Outcomes: Distinguish between expected loss and unexpected loss, and provide examples of each. Interpret the relationship between risk and reward. Describe and differentiate between the key classes of risks, explain how each type of risk can arise, and assess the potential impact of...

Learning Objectives: Explain the concept of risk and compare risk management with risk taking. Describe the risk management process and identify problems and challenges which can arise in the risk management process. Evaluate and apply tools and procedures used to measure and manage risk...