Explain What Is Meant by Financial Risk Management

question 44

Essay

Explain what is meant by financial risk management?

---

Definitions:

Acquisition

Acquisition in the context of psychology refers to the initial stage of learning when a response is first established or a new skill is begun to be acquired.

Classical Conditioning

Learning through the relationship between a naturally present stimulus and one that comes from the environment.

Extinction

In the context of psychology, it refers to the gradual diminishing of a conditioned response when the reinforcement or the association with a stimulus is removed.

Operant Conditioning

An educational method where the intensity of an action is altered by either encouraging or penalizing it.