Matching Pairs Risk Chp 1 pt 3Online version Risk Chp 1 pt 3 by Ryan Brown 1 Personal Risks 2 Premature Death 3 Indirect Loss 4 Hedging 5 Direct Loss 6 Systemic Risk 7 Enterprise Risk Management 8 Risk Financing 9 Self Insurance 10 Risk Control is a special form of planned retention by which part or all of a given loss exposure is retained by the firm. refers to techniques that reduce the frequency or severity of losses. is a technique for transferring the risk of unfavorable price fluctuations to a speculator by purchasing and selling futures contracts on an organized exchange. refers to techniques that provide for the funding of losses. is the risk of collapse of an entire system or entire market due to the failure of a single entity or group of entities that can result in the breakdown of the entire financial system. are the risks that directly affect an individual or family. is the death of a family head with unfulfilled financial obligations. combines into a single unified treatment program all major risks faced by the firm. is a financial loss that results indirectly from the occurrence of a direct physical damage or theft loss. is defined as a financial loss that results from the physical damage, destruction, or theft of the property.
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