Chapter 33.1 Key Terms Created by: Kaylynn Zarate

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Across
  1. 3. Risk that involves the likelihood of economics loss
  2. 4. The systemic process of managing risk to achieve your objectives
  3. 5. The possibility of a catasrophe such as a flood, tornado, hurricane, fire, lightning, drought, or earthquake
  4. 6. Risk that cannot be controlled to minimize the chance of harm
  5. 8. Risk that is unacceptable to insurance carries because the likelihood of loss is too high
  6. 10. Risk that the rate of inflation will increase more than the rate of interest on savings
  7. 11. The risk of harm caused by human mistakes, dishonesty, or another risk that is attributable to people
Down
  1. 1. The threat of a loss with no opportunity for gain
  2. 2. Risk that can be controlled to minimize the chance of harm
  3. 7. The possibility of loss or injury
  4. 9. Paid protection against loss due to injury or property damage