Risk Management

Front

Risk is

Back

the possibility of loss, damage, or any undesirable event

Front

Type of risk that offers the chance to either gain or lose.

Back

Speculative

Front

Type of risk that can result in a financial loss.

Back

Economic

Front

Type of risk that may result in an inconvenience, but does not have a financial impact.

Back

Non-economic

Front

Type of risk that can be reduced or eliminated by the actions you take

Back

Controllable

Front

Risk category that occurs when there is a possible loss, but no chance to gain from the risk

Back

Pure

Front

Shoplifting is an example of what type of risk category? Options: Pure, Speculative, Controllable, Uncontrollable

Back

Controllable

Front

Category of risk that cannot be prevented or predicted

Back

Uncontrollable

Front

This type of economic risk relates to harm or injury to other people or their property because of your actions.

Back

Liability

Front

Involves shifting the risk to another individual, business, or entity

Back

Transfer