Card 1 of 24
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.
Card 1 of 24
Risk management Flashcards
24 flashcards on Eduqas A Level Business Risk management: the key terms, formulae and case studies you need to recall for Component 1, Component 2 and Component 3.