Businesses face decisions about risk nearly every day. From equipment purchases to new hires to acquisitions and closures, each busi- ness decision carries an element of risk. The key aspect of making the right business de- cisions comes from determining the balance between risk and reward. Companies that ex- pose themselves to high risks with minimal rewards can gamble themselves right out of business. This book provided the decision making and risk management control stage of the management system uses the processed data provided by the data processing, inter- pretation and control stage to support deci- sion making.
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