Risk Management and Assessment: Chapter 2

Risk management is considered crucial for the survival of the organization due to increasing external threats such as stiff competition, political challenges and the impact of global ______

The identification , analysis, and economic control of those risks which can threaten the assets or earning capacity of an ______

The purpose of risk management is to enable an organization to progress towards its ______ and objectives in the most effective way

Risk management aims to reduce the impact of ______

Survival of organization, stability of earnings, and reducing impact of losses to organization and society are the objectives of risk ______

Step 1: Identifying existing and potential ______

Few techniques can be used to identify the potential ______

Orientation Kit – organization chart, map of the premise(if the premises is large), copy of insurance plan, copy of emergency and evacuation ______

Available from insurance companies and from publishers specializing in insurance-related publications. Such lists include a catalogue of the various policies or types of insurance that a given business might ______

Risks can be classified into three general ______