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Essay Details:
Essay text:
(this is what risk managers do)
Making these decisions involves the six step risk-management process.
1. Identifying loss exposures
2. Analyzing loss exposures
3. Examining the feasibility of risk management techniques
4. Selecting the appropriate risk management techniques
5. Implementing the selected risk management techniques
6. Monitoring the results and revising the risk management program
Implementing these decisions involves the four management functions.
1. Planning
2. Organizing
3. Leading
4. Controlling
These four functions are usually performed as part of an overall risk management program...
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