RM _description

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Across
  1. 2. : A condition that increases the frequency or severity of a loss (physical, moral, or morale hazards).
  2. 4. Control: Techniques used to reduce the frequency and/or severity of losses, including loss prevention and loss reduction.
  3. 7. : Any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs.
  4. 8. Transfer : A technique in which the financial consequences of a loss are transferred to another party, typically through insurance or contracts.
  5. 9. Financing : Methods used to pay for losses that occur, such as insurance, retention, or self-insurance.
Down
  1. 1. :A risk that involves the possibility of gain, loss, or no loss (e.g., investing in stocks).
  2. 3. Retention : A risk management technique in which the firm retains all or part of a loss, either intentionally or unintentionally.
  3. 5. :The immediate cause of a loss, such as fire, collision, theft, or flood.
  4. 6. :A risk that involves only the chance of loss or no loss, with no opportunity for gain (e.g., accidents, illness)