Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter C, Problem 4CT
Summary Introduction
To think critically about: The ways to be safe from the personal risks that arise due to natural disasters like floods, hurricanes and tornadoes.
Introduction:
Personal risk refers to the risk of loss in life and other assets of an individual and families due to natural disasters in the economy such as floods, hurricanes and tornadoes.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Give a proposition on how individuals and businesses can manage risk better and be prepared for any eventuality, including a pandemic.
Explain how risk can be minimized for business?
Do you believe that the number of risks and severity of losses increases over time?
Chapter C Solutions
Understanding Business
Ch. C.1 - Prob. C.1AQCh. C.2 - Prob. C.2AQCh. C.2 - Why are companies more aware now of the need to...Ch. C.2 - Prob. 2TPCh. C.2 - What are the four major options for handling risk?Ch. C.2 - Prob. 4TPCh. C.3 - Prob. 5TPCh. C.3 - What is the rule of indemnity?Ch. C.4 - Prob. C.4AQCh. C.4 - Prob. 7TP
Ch. C.4 - Prob. 8TPCh. C - If you are interested in pursuing a career in risk...Ch. C - Prob. 2CECh. C - Prob. 3CECh. C - 1. Are you self-insuring your residence and your...Ch. C - Prob. 2CTCh. C - Prob. 3CTCh. C - Prob. 4CTCh. C - 1. List the ways you could reduce risk in your...Ch. C - Prob. 2DCSCh. C - 3. Much of risk management consists of reducing...Ch. C - Prob. 4DCSCh. C - Write a two-page essay on the risks of a terrorist...Ch. C - Prob. 1PPTCh. C - Prob. 2PPTCh. C - Prob. 3PPTCh. C - Prob. 4PPT
Knowledge Booster
Similar questions
- What security risks may develop while setting goals and milestones?arrow_forwardWhat is the difference between micro and macro risk?arrow_forwardImagine this scenario in which you work at a dental office and the office manager is a close friend of yours. Unfortunately, the dental office is operating in a depressed economy. You recently discovered that your friend, the office manager, is committing insurance fraud to make ends meet and to keep the dental office open. What are your professional and ethical obligations in this situation? How should you deal with the situation?arrow_forward
- Looking back at your current or former job, describe some risks that you or your team encountered. Were there positive or negative risks? What was the approach taken for risk mitigation? Were the steps taken acceptable or were there additional activities that could have been taken to mitigate these risks?arrow_forwardIdentify four major business risks of Myer Holdings Limited and provide a detailed explanation of why each factor is identified as a risk to the business. https://investor.myer.com.au/FormBuilder/_Resource/_module/dGngnzELxUikQxL5gb1cgA/file/Myer_Annual_Report_2020.pdfarrow_forwardHaving identified and evaluated risk, the next step is to decide how to respond to the risk.Describe risk control and clearly distinguish between the three possible responses to business risks?arrow_forward
- How can organizations ensure that their risk management practices are aligned with their overall business strategies?arrow_forwardThe Sendai Framework of Action highlights the crucial role that both the Government and the business sector have in mitigating catastrophe risk.In a detailed analysis,what are the five key roles that government can do to reduce disaster risk?arrow_forwardSpecifically address the most pressing issues related to risk management. When developing a company's long-term plan, what part does risk management play?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON