Litchfield Park, Arizona. Litchfield Park is a city in Maricopa County, Arizona, United States. It is twenty miles northwest of Phoenix. According to the 2010 census, the population of the city is 5,476. Contents.
Risk management is an important part of planning for businesses. The process of risk management is designed to reduce or eliminate the risk of certain kinds of events happening or having an impact on the business. Risk management is a process for identifying, assessing, and prioritizing risks of different kinds.
Financial risk management is defined as the practices and procedures that a company uses to optimize the amount of risk it handles with its financial interests. Senior leaders of a company that practices financial risk management should produce a written policy on financial risks they are willing to accept and follow that policy.