Chapter 14, Section 1 - Understanding Risk Crossword

the possibility of loss, damage, or injury
a situation caused by acts of nature
a situation that occurs when business activities suffer due to changes in the US or world economy
the potential that the target market for new goods or services is much less than originally projected
a negative situation caused by the actions of people
the process of evaluating risk and finding ways to minimize or manage loss
responsible
legal responsibility for actions and costs
situations that cannot be avoided, but can be minimized by purchasing insurance or creating a risk management plan.
situations that cannot be predicted or covered by purchasing insurance
a risk with a possibility of loss, but no possibility of gain
risks that directly affect an individual, such as illness or disability
risks that affect personal or business property
a risk that can result in either financial gain or financial loss
taking steps to eliminate risk
a risk strategy of minimizing risks that cannot be avoided
a financial service used to protect against loss
a risk that an insurance company will not cover