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Flow of costs
Describe the flow of goods through the manufacturing accounts in order to calculate cost of goods sold.
Risk Transfer
The strategy of passing financial risk from one party to another, often through the use of insurance or outsourced contracts.
Risk Breakdown Structure
A hierarchical decomposition of risks associated with a project, categorized systematically for analysis and management.
Risk Evaluation
The process of identifying potential risks in a project and assessing the likelihood and potential impact of those risks.
Potential Risk
The possibility of an event occurring that could negatively affect the accomplishment of objectives.
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