CIP 131 Chap 1,2,3 Crossword

Is a Chance of loss
Entails the chance of loss but no chance of profit
Probability of Gain or loss
A refusal to accept liability for damages that might occur
Who are responsible for developing amd co-ordinating risk management functions
Systematic approach to eliminate loss exposre or minimize the detrimemtal effects of loss exposures
Entails transferring the potential for loss from one party to another through a legal document
Identifying and Analyzing loss exposure
Practices employed to reduce risk
Method by which firms evaluate potential lossrs and take action to reduce or eliminate such threats
Aka, indemnity provision, is an agreement between two or more parties transferring liability