Memo on risk assessment and control measures

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Application Essay

Total Words: 288

Document Outline

Although memo provides comprehensive details on risk assessment and its measurement, room for improvement is there to further the understanding about risk management


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Although memo provides comprehensive details on risk assessment and its measurement, room for improvement is there to further the understanding about risk management. Areas of improvement is needed to identify and recommendations for improvement. While defining risk definition, emphasis is given on fear regarding the possibility of permanent loss. It is true, however risk treats could also be converted in to opportunities as well. Therefore, both possibilities go side by side.

            This is an important consideration to be present in the memo to address risk in horse race and trading. It is not necessarily evident that probability of loss is not measureable than rain. It is important to measure that probability to prevent future occurrence of risks or at least it could be eliminated. Uncertainty is the critical factor that generates risk. However, other factors do contribute in the development of the risks.

            Deliberate omission of responsibilities as well as negligence also have share in risk emergence. The unknown feature explained in the memo affectively describes uncertainty in this regard. However,

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