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Give a comprehensive definition of risk management and outline the Risk Manager's job and status in most business organizations and address the following misconceptions/misinformation about

Give a comprehensive definition of risk management and outline the Risk Manager's job and status in most business organizations and address the following misconceptions/misinformation about risk management that arise both from literature or defects in literature itself: -

i) The universality of application of the risk management concept

ii) Risk management is anti-insur

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