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