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Basic Question 1 of 6

Risk management includes ______.

I. defining the level of risk to be taken
II. understanding and quantifying risk exposure
III. minimizing risk exposure
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User Contributed Comments 1

User Comment
UcheSam Adjusting risk to the risk level an institute can bear is just another nomenclature to minimizing risk exposure. Although, I got the answer since that is what is needed.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

define risk management

describe features of a risk management framework

CFA® 2024 Level I Curriculum, Volume 6, Module 6.