Risk Types
What type of risk is a tornado?
Pure Risk
What type of risk is market volatity?
Financial Risk
What are the 2 factors of Risk Measurement?
Probability and Impact
What type of risk is it when you invest in the stock market?
Speculative Risk
What type of risk is a disaster?
Hazard Risk
Reviewing records is part of what process?
Risk Identification
What type of risk is a crime?
Hazard Risk
What type of risk is technology?
Strategic Risk
Avoid, Transfer, Mitigate, and Accept are categorized under what?
Risk Response
What type of risk is an accounting error?
Financial Risk
What type of risk is daily business activities?
Operational risks
Insurance would allow you to do what to risk?
Transfer
What type of risk is employee actions?
Operational Risks
What type of risk is opening a new location?
Speculative Risk
Putting procedures into place do what to the risk?
Avoid it