Answered: Briefly explain each of the following…

Briefly explain each of the following risk – control techniques for managing risk.a. Preventative controls. b. Detective controls.c. Contingency controls. .

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Briefly explain each of the following risk – control techniques for managing risk.
a. Preventative controls.
b. Detective controls.
c. Contingency controls.

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