A [ ] is a possible event or decision that could harm objectives; [ ] identifies, assesses and responds to reduce harm.
A threat is a possible event or decision that could harm objectives; contingency planning identifies, assesses and responds to reduce harm.
A risk is a possible event or decision that could harm objectives; risk management identifies, assesses and responds to reduce harm.
A hazard is a possible event or decision that could harm objectives; risk assessment identifies, assesses and responds to reduce harm.
A crisis is a possible event or decision that could harm objectives; insurance identifies, assesses and responds to reduce harm.
Flashcards for Eduqas A Level Business Risk management, covering the key terms, formulae and case studies you need to recall for Component 1, Component 2 and Component 3. 24 cards drawn from Risk management, matched to the Eduqas A Level Business (A510QS) specification.
