Entrepreneurship II Unit 1

Risk which offers the insured the chance to gain as well as lose from the event or activity

This is when a retail business allows its customers to merchandise now and pay later

Risks in which the amount of loss can be predicted

Involves taking action to prevent or reduce the possibility of loss to a business

Risk that can be reduced or possibly even avoided by actions the insured takes

Offered when one business allows another business to buy now and pay later

A payment made to an insurance company to cover the cost of uncontrollable events

Involves looking at all aspects of a business and determining the risks it faces

A government regulated program that provides benefits to employees injured on the job

Risk on which actions have no effect, such as the weather

Insurable risk that is faced by a large number of people; amount of the loss can be predicted

Check that is returned because the account has insufficient funds

The act of knowingly taking items from a business without paying