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1.What are the adverse consequences of risk? Give examples of each. 2.How was the traditional process of risk management expanded? 3.The liability of those who

1.What are the adverse consequences of risk? Give examples of each.

2.How was the traditional process of risk management expanded?

3.The liability of those who own a corporation is limited to their investment, while proprietors and general partners have unlimited liability for the obligations of their business. Explain what relevance this has for risk management.

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