Risk Management By Kellie DeForest

Risk Management
By
Kellie DeForest
Intro to Business
Mr. Mandau
March 26, 2004
Research Project: #5
<Tab/>
Risk Management
Risk management is described- as "the process of evaluating the risks faced by a firm or an individual and then minimizing the costs involved with those risks (2001)". In other words, its how a business or an individual protects himself or herself from loss or injury that could occur. There are many types of risk management as there are many types of risks.
<Tab/>Risk avoidance is taking measure to avoid obvious risks.…