Market wages ome production xpenses (net of added Spouse A 80,000/year 12,000/year 50.000/year Spouse B 20,000/year 40,000/year 50.000/year

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Risk Analysis

Risk management is the entire walkthrough process of helping the organization manage risks or avoid them altogether. It is an in-depth study to determine the risks and uncertainties faced by the business and how these impact the objectives and outcomes of the business. Risk analysis is a procedure of risk assessment followed by the management of an organization to avoid risks that may harm the functioning and efficiency of the company.