[2] Is the maximum amount of risk that an entity can bear which is linked to capital, liquid assets, borrowing capacity etc.
It is the amount of risk that an entity (on broad level) willing to accept within its overall Capacity.
Risk that existed in the absence of any action or control or modification of an event.
It is a log that contains all of the information related to the risk management activities.
It includes following details related to risk management activities.