Chapter 33.1 Key Terms Created by: Hunter Austin

1234567891011
Across
  1. 6. a condition that poses unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law
  2. 7. (in business) the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact
  3. 8. take steps to put internal control procedures in place to reduce the chances of such risks resulting in actual losses
  4. 10. A natural hazard is a natural phenomenon that might have a negative effect on humans or the environment or your business
  5. 11. fires, water damage and theft or vandalism
Down
  1. 1. The chances of loss from various factors that can be reduced or avoided altogether
  2. 2. a category of threat that is beyond human control and has only one possible outcome if it occurs: loss
  3. 3. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium
  4. 4. the chance that macroeconomic conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country
  5. 5. A risk that conforms to the norms and specifications of the insurance policy in such a way that the criterion for insurance
  6. 9. a situation involving exposure to danger