It is argued that effective risk management is vital to the survival of an organisation because:
A) most business organisations are exposed to a wide variety of risks.
B) many business failures can be attributed to inadequate policies.
C) most organisations are exposed to interest rate risk.
D) all of the given choices are correct.

Question

Quizplus · Accepted Answer

Effective risk management is crucial for an organization's survival because it addresses a wide variety of risks, including those related to business operations and policies, as well as specific financial risks such as interest rate risk. This comprehensive approach helps prevent business failures that could arise from inadequate risk management strategies.

It Is Argued That Effective Risk Management Is Vital to the Survival