1. What are the adverse consequences of risk? Give examples of each. 3. How was the traditional process of risk management expanded?

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.

Introduction The business financial condition that adversely affected by various factors as the risk maycause significant loss of business• Risk related to completion – in any business...