A _____ Is a Proactive Effort to Anticipate a Risk

question 49

Multiple Choice

A _____ is a proactive effort to anticipate a risk and describe an action plan to deal with it.

• A) risk identification plan
• B) risk response plan
• C) risk balance plan
• D) risk management plan

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Definitions:

Consumer Credit

A type of personal loan extended to individuals to purchase consumer goods and services.

Student Loans

Funds borrowed by students to cover education-related expenses, which must be repaid with interest over time.

Pre-Judgment Attachment

A legal mechanism allowing a creditor to hold or seize a debtor's assets before the final resolution of a lawsuit, ensuring the assets remain available to satisfy a future judgment.

Seize

To take hold of suddenly and forcibly; in legal terms, it often refers to the act of taking property by authority of law.