Type of Hazards
Icy roads that increase the chance of a car accident is an example of this hazard
Physical
Faking an accident to collect from an insurer is known as this
Moral
the probability of getting heads from the toss of a perfectly balanced coin is know as this type of probability
Objective
Leaving your car keys in an unlocked car is known as this
Attitudinal
People who by lottery tickets on their birthday who think it is their lucky day and over see the small chance of winning is know as this type of probability
Subjective
adverse jury verdict or large damage of words in liability lawsuits is known as this
Legal
a variety of portfolios, stocks, bonds, and CDs are known as this risk
Diversifiable
encompasses all major risks faced by a business firm is known as this type of risk
Enterprise
The number of heart attacks can be reduced if individuals control their weight, stop smoking, and eat healthy diets in known as this technique of managing risk
Loss Prevention
A college student who needs a grade of a C in a course to graduate may enter the final examination room with this type of burden
Worry and Fear