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4 Cards in this Set
- Front
- Back
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What are the 4 steps in the Process of risk management?
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1. Risk identification
2. Risk assessment 3. Risk evaluation 4. Implementation |
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In Risk identification what are the possible areas of liability?
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Personal injury concerns
Personal injury concerns Contract Employment Admin. Law Intellectual property |
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What is the purpose of Risk Assessment?
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To determine the frequency of occurrence and the magnitude of the risks
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For risk evaluation, what are the 4 approaches?
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1) risk elimination
2) retention 3) Reduction 4) Transfer |
