WorksheetsRisk management
Total questions: 11
Worksheet time: 6mins
What is a risk?
Risk is the losing something of value.
Risk is gaining something of value.
Risk is the potential to lose or gain something of value.
A physical risk is?
The remaining amount of risk associated with something after action and precautions are taken.
The possibility an action or task can cause an individual physical harm.
The potential of an action causing you emotional distress. Examples of this is anxiety.
Emotional risk is?
The remaining amount of risk associated with something after action and precautions are taken.
The possibility an action or task can cause an individual physical harm.
The potential of an action causing you emotional distress. Examples of this is anxiety.
Falling off your snowboard and hurting your knee is an example of a what?
Emotional risk
Physical risk
Residual risk
You feel anxious to get back on to your snowboard after recently falling off. This is an example of what?
Physical risk
Residual risk
Emotional risk
Risk transference nearly always involves:
Eliminating risk through beta testing.
Policies and procedures for a response system.
Accepting a lower profit if some activities overrun their budget.
Payment of a risk premium to the party taking on the risk.
The technique of assessing, minimizing, and preventing
accidental loss to a business, as through the use of insurance, safety measures, etc.
accidental loss insurance
business management
risk management
auto insurance
Having insurance transfers the risk from the ______ to the ______.
individual, insurance company
insurance company, individual
homeowner, renter
renter, homeowner
Which of the following is NOT one of the four types of risks?
Natural
Educational
Financial
Economic
Human
Volcanoes, hurricanes, earthquakes, tornados and tsunamis are all examples of ____ risk.
Educational
Natural
Human
Economic
______________is the failure to exercise reasonable care.
Omission
Oversight
Laziness
Negligence
