(Answered) These questions should be answered using your own words in

Management Studies

These questions should be answered using your own words in accordance with your understanding of the textbook (The Essentials of Risk Management, 2nd edition. by Crouhy, M., Galai, D., & Mark, R. McGraw-Hill, 2013) readings. The assignment rubric will be used to evaluate your answers. Answers should generally be one-two paragraphs of information and analysis per question.

Chapters 1 & 2

- What is risk?

- What is the difference between market risk and credit risk?

- What is a risk manager's main job responsibilities?

- What is systematic risk?

- What are some logical arguments for managing risk?

- What is hedging?

- How did MGRM's risk management strategy go wrong?

- Why is there a need for performance evaluation?

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