Matching Pairs Risk Chp 1 pt 3Online version Risk Chp 1 pt 3 by Ryan Brown 1 Personal Risks 2 Systemic Risk 3 Indirect Loss 4 Premature Death 5 Enterprise Risk Management 6 Risk Control 7 Self Insurance 8 Risk Financing 9 Direct Loss 10 Hedging refers to techniques that reduce the frequency or severity of losses. are the risks that directly affect an individual or family. 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. is defined as a financial loss that results from the physical damage, destruction, or theft of the property. refers to techniques that provide for the funding 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. is a financial loss that results indirectly from the occurrence of a direct physical damage or theft loss. 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. combines into a single unified treatment program all major risks faced by the firm.
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