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Risk Management

The essay for this lesson is required to be 1,000 words. Essays should be 5 or more paragraphs with a clear introduction, thesis statement, and conclusion, written in APA format with proper subheadings within the essay. I will provide all reading material for this order. Please provide sources throughout the paper and include the page number as well on where you found the source. I do not need an abstract page. Here is the topic of this essay.
How do you define risk? Explain how risk management has become an important part of modern business.