Risk Control Is

question 211

Multiple Choice

Risk control is

• A) the practice of minimizing the frequency or severity of losses from risky activities.
• B) the practice of avoiding risk by declining or ceasing to participate in an activity.
• C) the assumption of financial consequences of loss by the firm.
• D) the shifting of the risk to an insurance company.
• E) the practice of evaluating all costs associated with a decision.

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Definitions:

Productivity

A measure of the efficiency of production, often assessed as the ratio of outputs to inputs in a production process.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, often used as an indicator of inflation.

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A type of baked bread product made from dough most commonly shaped into a twisted knot.

Cookies

Small pieces of data sent from a website and stored on a user's computer by the user's web browser while the user is browsing, often used to remember information about the user.