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There are various important ERM frameworks, each of which describes an approach for identifying, analyzing, responding to, and monitoring risks and opportunities, within the internal and external environment facing the enterprise.
Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]
In economics, a moral hazard is a situation where an economic actor has an incentive to increase its exposure to risk because it does not bear the full costs associated with that risk, should things go wrong.
MBB Logos: McKinsey, BCG, Bain. The Big Three or MBB is the name colloquially given to the three largest strategy consulting firms.They are considered to be the most prestigious firms in the management consulting industry. [1]
The euro sign (€) is the currency sign used for the euro, the official currency of the eurozone and adopted, although not required to, by Kosovo and Montenegro.The design was presented to the public by the European Commission on 12 December 1996.
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