Chapter 33.1 Key Terms Created by: Grady Baughman

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Across
  1. 4. Economic risk is the chance that macroeconomic conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country.
  2. 7. is a risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  3. 10. occurs when conditions can be contolled to minimize the chance of harm.
  4. 11. Human risks arise from the four D's: disagreement, divorce, death, or disability of an essential owner, manager, or employee.
Down
  1. 1. Pure risk, also called absolute risk, is a category of threat that is beyond human control and has only one possible outcome if it occurs: loss
  2. 2. A risk that meets an insurance company's criteria for insurance coverage
  3. 3. cannot be contolled.
  4. 5. the technique or profession of assessing, minimizing, and preventing accidental loss to a business, as through the use of insurance, safety measures, etc.
  5. 6. any means of guaranteeing against loss or harm
  6. 8. things that happen in nature that cant be controlled.
  7. 9. exposure to the chance of injury or loss; a hazard or dangerous chance