Business Risk

Type of risk involving the financial state of a business

• Human

• Economic

• Financial

• Natural

Type of risk caused by human mistakes and unpredictability of consumers and employees

• Human

• Economic

• Financial

• Natural

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

• Pure

• Speculative

• Controllable

• Uncontrollable

Risk category that can be prevented or reduced in frequency

• Pure

• Speculative

• Controllable

• Uncontrollable

Shoplifting is an example of what type of risk category?

• Pure

• Speculative

• Controllable

• Uncontrollable

Category of risk that cannot be prevented or predicted

• Pure

• Speculative

• Controllable

• Uncontrollable

Involves transferring the risk to another individual or entity

• Risk Avoidance

• Risk Reduction

• Risk Retention

• Risk Transfer

Installing security cameras is an example of which technique.

• Risk Avoidance

• Risk Reduction

• Risk Retention

• Risk Transfer

Buying property insurance would be an example of which technique.

• Risk Avoidance

• Risk Reduction

• Risk Retention

• Risk Transfer

High inflation is associated with type of risk?

• Human

• Economic

• Financial

• Natural