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Chapter 3- Risk Management

Business

10th - 12th Grade

Used 24+ times

Chapter 3- Risk Management
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company decides to "avoid the risk" this means

they will make sure their employees are properly trained

they will get insurance

they will not engage is the activity that is risky

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With careful planning, it is possibly to avoid all risk.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a controllable risk?

a sudden hailstorm

loss from theft

a flash flood

lightning strikes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you chose not to complete a risky activity, you are said to be _________ the risk.

avoiding

transferring

respecting

assuming

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You decide to cancel your trip to the Gulf Coast because a hurricane is forecast to hit the area. This is an example of

insuring risk

transferring risk

assuming risk

avoiding risk

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can you transfer risk through insurance?

Yes

No

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This refers to the strategies that minimize the risks associated with a business's operations.

Avoiding the risk

Ignoring the risk

Risk Management

Business Management

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