Financial risk management:
A)seeks to eliminate all financial risks.
B)only focuses on managing market-related financial risks.
C)is the process of reacting to financial losses in order to minimize losses.
D)is the process of detecting,assessing,and managing financial risks.
A derivatives contract:
▪has a finite life
▪is not issued to raise capital
▪is a zero-sum game
▪derives its value from an underlying security.
he role of risk management in corporate governance