Companies attempt to manage the risk of something happening that will have a negative or positive impact on the company's objectives, such as

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All of these risks can have an impact on a company's objectives. Credit risks can affect the company's financial health, litigation risks can result in monetary damages or harm to the company's reputation, reputation risks can impact consumer and stakeholder trust, and ethics risks can lead to legal and reputational repercussions. Companies need to manage and mitigate all of these risks to protect their bottom line and maintain stakeholder confidence.

Companies Attempt to Manage the Risk of Something Happening That