LESSON 4: RISK RESPONSE

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Across
  1. 4. Critical zone
  2. 5. Dominant type of control will be to reduce the likely impact/exposure of risk
  3. 7. insurance premium that is required from the organization
  4. 11. Insurance company owned by an organization that is not otherwise involve in insurance
  5. 12. Strategy seeks to make the opportunity definitely happen
  6. 13. Appetite line
  7. 15. exposure may be tolerable without any further action being taken
  8. 16. Plan of action taken to address a particular risk
  9. 18. Strategy takes no measures to deal with a hazard risk
  10. 19. Company is contracted to pay certain amount in the event of defied circumstances arising/occuring
Down
  1. 1. Dominant type of control will be given risk to another party
  2. 2. Professional indemnity
  3. 3. is similar to risk assessment that is undertaken as part of the overall risk management process
  4. 6. mainly concerned with actions to restore the infrastructure of the organization
  5. 8. Constrain the risk to an acceptable level
  6. 9. Entrepreneurial opportunities
  7. 10. Low likelihood and low impact of risks
  8. 14. Seeks a partner able to manage & can maximize the chance of it happening
  9. 17. Usually have limitations, warranties & exclusions
  10. 20. Is a plan concerned with external stakeholders & actions to manage the associated stakeholder reaction and expectations