Risk Management

Front

The possibility of loss, damage, or any undesirable event.

Back

Risk

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

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

Back

Pure

Front

Risk category that can be prevented or reduced in frequency

Back

Controllable

Front

Shoplifting is an example of what type of risk category?

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 transferring the risk to another individual, business, or entity

Back

Transfer

Front

Installing security cameras is an example of which technique?

Back

Risk Reduction