Risk Management

_______________risk that is unavoidable, can result in a profit or loss.

• Inflation

• Speculative

• Pure

• Income

__________is the most common retail crime.

• Burglary

• Employee theft

• Robbery

• Shoplifting

The act of breaking into and entering a building with the intent to commit a felony is called_________.

• trespassing

• burglary

• shoplifting

• robbery

____________involves taking property by force or threat.

• Burglary

• Trespassing

• Felony

• Robbery

One method a business can employ to reduce stolen credit cards is by using___________.

• electronic credit authorizer machines

• two-way mirrors

• security guards

• computers

______________is the failure to exercise reasonable care.

• Omission

• Oversight

• Laziness

• Negligence

_____________is preventing or reducing business loss.

• Liability management

• Risk management

• Casualty management

• Insurance

A/An____________is the price of insurance an insured person or business pays for a specified risk.

• premium

• incentive

• commission

• permit

____________insurance is required by the government.

• Workers' Compensation

• Casualty

• Life

• Property

If a business cannot get insurance, it must_________________.

• forego insurance

• self-insure

• close

• chose an agent