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A risk management program must be implemented and periodically monitored to be effective. This step requires the preparation of risk management policy statement. The cooperation of other departments is also necessary.

a. What benefits can the firm expect to receive frome a well-prepared risk managements policy statement?

b. Identify several departments within a firm that are especially important in a risk management program.

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  • Category:- Basic Finance
  • Reference No.:- M941982

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