― One of my teachers, long back, explained in a nutshell, the concept of Risk Management, which I think he read somewhere. ∙ IDENTIFICATION OF RISK ∙ If I take my girlfriend out to a nightclub, my wife may find out about it. ∙ MEASUREMENT OF RISK ∙ If she does find out, she may leave me and file for divorce. ∙ HANDLING OF RISK ∙ Therefore, I can either say to my girlfriend:“Put on your dancing shoes and we’ll go to the nightclub.”or“We’d better sit at home [...].
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