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FIS 250 Week 2 CheckPoint Risk Management Objectives
CheckPoint: Risk Management Objectives
· Resource: Ch. 3 (p. 43) of Principles of Risk Management and Insurance
· Recall that the purpose of risk management is to identify and address loss exposures (Rejda, 2008). What are the exact objectives that a risk management professional should know about? Specify pre- and post-loss objectives exist that describe the purposes of risk management and guide risk management professionals in their work.
· Write a 200- to 300-word response that describes, in your own words, each of the three pre-loss and five post-loss risk management objectives. Provide examples of each objective in your response. Examples can be fictional, but should serve to help you describe each objective.
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