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BE Chapter 22 Risk Managment Flashcards | StudBud
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BE Chapter 22 Risk Managment
BE Chapter 22 Risk Managment
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Chapter 22 - Risk Management
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
What is the most common natural disaster?
Fire
Hurricane
Flooding
Earthquake
2
What is one of the best ways to reducing employee theft?
High standards for hiring.
Video surveillance
A security guard.
"See Something say Something"
3
A business can eliminate risks by
practicing risk avoidance.
(can't eliminate risks)
lots of insurance.
strong safety programs.
4
What is our biggest safety risk here at Valley Christian Schools?
Earthquake.
Falling.
Fire.
Athletic injury.
5
The terms Worms & Trojan Horses are used in what kind of crime?
Facility vandalism
Corporate Espionage
Embezzlement
Computer
6
The most common retail crime is
burglary
robbery
shoplifting
embezzlement
7
What is the best way to minimize the risk of burglary?
Video Surveillance
Site selection.
Armed guard.
Night watchman.
8
For risks that cannot be avoided, businesses adopt a
risk reduction strategy.
risk avoidance strategy.
don't tell policy.
risk acceptance strategy.
9
You should always stop a robber from taking merchandise if you can.
True
False
10
The failure to exercise reasonable care is called
cowardliness.
negligence.
liable.
carelessness.
11
Putting aside a sum of money each month to guard against future losses is a form of
risk reduction
risk transfer
risk retention.
risk avoidance
12
Employee theft contributes to ___ percent of all business failures.
30
20
10
40
13
A special form of insurance that protects a company in case of employee theft is called
Liability insurance.
Fidelity bonds.
Casualty insurance.
Theft insurance.
14
When should you accept a check for payment from a customer?
If their address is on the check.
When info. from a electronic credit card authorizer is given
When they provide a Driver's License.
Never
15
What is not one of the 3 stage processes for preventing or reducing business loss?
Finding who is at fault for a risk.
How to deal with identified risks.
Estimate potential losses from risks.
Identify risks.
16
Large businesses are more likely to be the victims of crime than small.
The same
True
False
17
Insurance coverage against losses from having to close a bus. for insurable reasons is called
business interruption insurance.
liability insurance
casualty insurance.
property insurance.
18
The act of breaking into and entering a building with the intent to commit a felony is called
vandalism
stealing
burglary
murder
19
What is one way to inhibit hackers of your computer systems?
Screens go blank after 10 seconds.
Installing firewalls
(Can't be done, you just take your chances.)
Hire a good IT person to monitor your systems.
20
Employee training for emergency situations is an example of
risk management.
risk reduction
risk mitigation.
risk transfer.
21
A company can be held responsible for an act of negligence.
Sometimes
Never
Yes
If only done by an employee.
22
Businesses cannot protect themselves against natural disasters.
False
Sometimes
True
23
You can check for counterfeit money by
(can't be done)
checking the size of the bill next to another.
checking the water mark that matches the portrait.
the feel of the paper.
24
What is one of the best ways to protect your business from fire?
Install smoke detectors & sprinkler systems.
No cooking allowed in the business.
Have several Fire Extinguishers in the business.
Have good Fire Insurance.
25
The taking of property by force or threat is called
robbery.
vandalism.
embezzlement.
aggressive behavior.
26
The risk that involves the chance of either profit or loss is called
the nature of business.
Pure
Speculative
Probable
27
Casualty insurance protects a bus. against losses from having to close for insurable reasons.
False
True
28
Which state is not at risk for hurricanes?
Hawaii
Missouri
California
Florida
29
You can reduce the number of bad checks by
having a phone number on the check.
verifying with drivers license.
a check reader.
(can't be done you just accept the risk)
30
What can have an impact on the prevention of shoplifting?
Video survaliance
A security guard.
Observant employees
Prosecution