Risks, contingencies and risk management options 9. Businesses must be aware ofthe risk and contingencies they face and have risk management strategies in place to guard against these risks so that the business can continue to operate and function. In the table below: 0 There are different types of business risk a client should be aware of. 0 Choose 4 and explain how these risks can be identified and quantified o Analyse the risk and suggest risk and contingency management strategies to effectively manage the risks. Explanation of what the Risk or Contingency Management Business Risk risk identifies and Strategy quantifies Liquidity Credit Market Business Cycle I nte rest Currency