Risk management in a small firm is essentially the same as risk management in a large firm.

Question

Quizplus · Accepted Answer

While the basic principles of risk management may be similar, the magnitude and complexity of risks faced by a small firm are often different from those of a large firm. Small firms may have limited resources and may need to prioritize risks differently. They may also face unique risks related to their size and operations. Therefore, risk management strategies may need to be tailored to suit the needs of a small firm.

Risk Management in a Small Firm Is Essentially the Same