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  • Don't risk more than you can afford to lose.
  • Don't risk a lot for a little.
  • Have clearly defined objectives that are consistent with corporate objectives.
  • Review financial statements to help identify and measure risks.
  • The risk manager should be involved in the purchase or design of any new operation to assure that there are no built-in risk management problems.
  • Be certain environmental risks are evaluated in mergers, acquisitions and joint ventures.
  • Quality control should NOT be a substitute for a full product liability control program. Quality control only assures the product is made according to specifications, whether good or bad.
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11y ago

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