Which of the following was a consequence of the financial revolution which drast
ID: 1235367 • Letter: W
Question
Which of the following was a consequence of the financial revolution which drastically changed risk management in the 1970s?Which Answer
Managements created separate categories for handling different types of risks.
A group of specialists were created who handled risk assessment for the entire organization and reported only to headquarters.
Risk analysis was decentralized by concentrating on risks at the division-level.
It became easier to assess market risk with the introduction of various new tools of financial management.
Explanation / Answer
A group of specialists were created who handled risk assessment for the entire organization and reported only to headquarters.