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, 20:17, January 25, 2024
Risk management is "the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss."<ref>[https://www.marquette.edu/riskunit/riskmanagement/whatis.shtml#:~:text=Risk%20management%20is%20the%20continuing,of%20claims%20and%20liability%20judgments WHAT IS RISK MANAGEMENT?]</ref>