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1-Define ERM, bad risks vs. good risks, known risks and misperceived risks. -Discuss the problems associated with the current ERM process. -Explain how risk management

1-Define ERM, bad risks vs. good risks, known risks and misperceived risks.

-Discuss the problems associated with the current ERM process.

-Explain how risk management failures contributed to the 2008-09 financial crisis

Please explain it thoroughly with refences

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