Friday, April 4, 2014

What is a non financial risk?

What is a non financial risk?
Defining a non-financial risk should be on comparative basis. Non-monetory would refer to anything that is not monetary or that which cannot be associated or viewed in money terms.
A risk is anything that if it occurs, the resultant consequences thereof will be to the detriment of the benefactor. Therefore a non-financial risk is that which if it happens there won't be any monetory consequence.

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