chapter 33.1 key terms created by: Faith Cornett

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Across
  1. 1. outcomes are a loss or no loss, and there is no opportunity for gain.
  2. 4. threat of a naturally occurring event will have a negative effect on humans.
  3. 9. risk that meets the ideal criteria for efficient insurance.
  4. 10. a risk that can not be controlled or prevented.
Down
  1. 2. poses unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law.
  2. 3. a risk that can be controlled or prevented.
  3. 5. the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
  4. 6. a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
  5. 7. disagreement, divorce, death, or disability of an essential owner, manager, or employee.
  6. 8. chance that macroeconomic conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country.
  7. 11. a situation involving exposure to danger.