Examlex
A _____ is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries.
Risk Transfer
The strategy of passing financial risk from one party to another, often through the use of insurance or outsourced contracts.
Risk Breakdown Structure
A hierarchical decomposition of risks associated with a project, categorized systematically for analysis and management.
Risk Evaluation
The process of identifying potential risks in a project and assessing the likelihood and potential impact of those risks.
Potential Risk
The possibility of an event occurring that could negatively affect the accomplishment of objectives.
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