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

Question

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

Which of the Following Was a Consequence of the Financial