Risk Management
All businesses take risks based on two factors: the probability an adverse circumstance will come about and the cost of such adverse circumstance.
Read more about this topic: Market Risk
Famous quotes containing the words risk and/or management:
“It is not a piece of fine feminine Spitalfields silkbut is of the horrible texture of a fabric that should be woven of ships cables & hausers. A Polar wind blows through it, & birds of prey hover over it. Warn all gentle fastidious people from so much as peeping into the bookon risk of a lumbago & sciatics.”
—Herman Melville (18191891)
“The care of a house, the conduct of a home, the management of children, the instruction and government of servants, are as deserving of scientific treatment and scientific professors and lectureships as are the care of farms, the management of manure and crops, and the raising and care of stock.”
—Catherine E. Beecher (18001878)