1. What are the adverse consequences of risk? Give examples of each.
1. What are the adverse consequences of risk? Give examples of each.
3.
How was the traditional process of risk management expanded?
4.
The liability of those who own a corporation is limited to their investment, while proprietors and
general partners have unlimited liability for the obligations of their business. Explain what relevance
this has for risk management.
5.
What are the three objectives of risk mapping? Explain one way a chief risk officer would use a risk
map model.
6.
Define the terms
loss prevention
and
loss reduction
. Provide examples of each.
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