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