Chapter 33.1 Key Terms Created by Cayden Luther

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Across
  1. 3. cannot be controlled For example, risk involved in doing business in the global marketplace cannot be controlled.
  2. 4. the possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake.
  3. 6. a risk that meets an insurance company's criteria for insurance coverage.
  4. 8. the systemic process of managing risk to achieve your objectives
  5. 9. occurs when there is likelihood of economic loss.
  6. 11. a risk that is unacceptable to insurance carriers because the likely hood of loss is too high.
Down
  1. 1. is the threat of a loss with no opportunity to gain.
  2. 2. occurs when conditions can be controlled to minimize the change of harm.
  3. 5. paid protection against loss due to injury or property damage.
  4. 7. is the risk of harm caused by a human mistakes, dishonesty, or another risk that is attributed to people.
  5. 10. The possibility of loss or injury.