Related Essays

  • Meggitt Plc Case Study

    3.5. Risk Management Schmit and Roth (1990) assert that the basic concept that aims to reduce the negative effects of uncertainties with respect to losses i...

  • Dress Lily Risk

    This is called the loss likelihood. For any activity that brings reward or profit, risk is one partner that cannot be treated separately. This means that jus...

  • Similarities Between Risk Management And Project Portfolios

    The most common approaches are accepting, mitigating, transferring, or avoiding the risk. Risk acceptance is utilized when there not an action that can addre...

  • The Importance Of Risk In Human Life

    The engineering definition of risk is defined as the probability of an event occurring, that is viewed as undesirable, and an assessment of the expected har...

  • Sappi Case Study

    1. INTRODUCTION According to Edmund (1949, 47), traditionally risk has been defined as the likelihood of an event occurring coupled with the negative cons...

  • Risky Management: Homeland Security And Homeland Defense

    Lindell, Perry and Prater define risk as the possibility that personnel, property or resources could be impacted in a negative way (2007). It is usually de...

  • Risk Management Case Study

    1.7.3 Risk Management ( Abdul Rasid, Golshan, Ismail & Ahmad, 2012) defined risk management, it involves managing to achieve a proper balance between realiz...

  • Kallman Assessing Risk

    Assessing Risks Trey Russell July 17, 2017 BUS 401: Leon Daniel Risk Management James Kallman is revered as an expert in the field of risk managem...

  • Risk, Management And Implications And Scope Of Risk Management

    1 Introduction During the last years, the acknowledgment of business and different activities has been more overburdened by many complications and uncertai...

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/4

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

4 Cards in this Set

  • Front
  • Back

Pure Risk

A chance of loss or no loss, but no chance of gain

Speculative Risk

A chance of loss, no loss, or gain

Avoidance

A risk control technique that involved ceasing or never undertaking an activity so that the possibility of a future loss occurring from that activity is eliminated

Retention

A risk financial technique by which losses are retained by generating funds within the organization to pay for the losses