(RMI) Risk Management and Insurance Module Wrap Up

Risk Management and Insurance Module Wrap Up

Review

Risk has three components: 1) an event that causes harm; 2) an undesirable outcome; and 3) a probability of the event occurring. When faced with risk we can ignore it, avoid it, reduce it or transfer it. Business has several types of risk to consider. Can you match the risk to the risk category? Try the activity below.

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