Course Description
Risk Management
An auctioneer or auction firm may be at risk for significant financial
loss or complete business failure due to unnecessary business
risk. Risk analysis – the process of identifying the source of risk and evaluating
its potential effect on the business – is fundamentally important
for success. This course will introduce the importance of risk
management, discuss the sources of risk, and introduce general techniques
for responding
to risk. Specific risk inherent in an auction business, its
potential effects, and various risk control strategies will be addressed.
Each participant
will complete a risk analysis and risk action plan for his
or her auction business.
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