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In this question, students should know the significance of risk identification. Risk identification and risk evaluation are integral parts of the risk management process. Yet,

In this question, students should know the significance of risk identification. Risk identification and risk evaluation are integral parts of the risk management process. Yet, risk managers in the past have taken a less than holistic approach and have neglected these aspects. Analyse this statement and highlight the importance of identification and evaluation in the context of risk management. (10 marks)

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