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4 Cards in this Set
- Front
- Back
Pure Risk |
A chance of loss or no loss, but no chance of gain |
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Speculative Risk |
A chance of loss, no loss, or gain |
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Avoidance |
A risk control technique that involved ceasing or never undertaking an activity so that the possibility of a future loss occurring from that activity is eliminated |
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Retention |
A risk financial technique by which losses are retained by generating funds within the organization to pay for the losses |