Risk management encompasses all of the following except
A)determining a firm's actual level of risk
B)determining a firm's desired level of risk
C)setting policies and procedures
D)monitoring your position after-the-fact
E)none of the above

Question

Quizplus · Accepted Answer

Risk management indeed includes determining a firm's actual and desired levels of risk, setting policies and procedures to manage risk, and monitoring positions after-the-fact to ensure compliance and effectiveness of the risk management strategies. Therefore, none of the options listed are exceptions to what risk management encompasses.

Risk Management Encompasses All of the Following Except