Introduction Long ago people viewed “risk†as the inevitability of chance which occurred beyond the control of humans. In today’s world the concept of “risk†has turned into riches, as risky ventures have become the norm in the business world. “Risk†therefore applies to decisions that can have a bad or good outcome. The different types of “risk†can include financial, legal, ethical, information technology, or even human resource since it can exist everywhere and at any time in our lives.When we eat, we encounter the risk of food poisoning, to cross the road we run the risk of being hit by a passing motor car or even when we drive, we can increase the risk of an accident. If no risk is done then, no breakthrough can be expected. Whether it is in your career, financially, or in your business. Once you fail to take a risk then you will suffer the consequences of making significant gains, which means that you run the risk of a possible loss. What is Risk? According to Mortimer (2005 p.
