Shoplifting accounts for10 percent of lost inventory for retail businesses.

Extensive employee safety training can prevent the human risk of employee incompetence.

The corporate form ofownership offers the most protection from losses.

Proper store lighting and well-organized merchandise displays in retail stores can increase sales and decrease external theft.

Government laws and regulations create reductions of economic risks for businesses.

Some cafés that sell espresso drinks teach their employees wrist and arm relaxation        exercises because the repetitive motions required to operate a restaurant espresso          machine can cause injury. What kind of business risk management does this situation   represent?

What is a sole proprietor usually required to have in order to borrow money?

What business risk can result from changes in factors such as consumer lifestyles and          product obsolescence?

The Alpine Ski Lodge had to partially close last winter because snowfall came so late in             the season. What kind of risk does this situation exemplify?

Tony purchased a new property insurance policy for his snowmobile shop. What does this policy exemplify?

Music City Instruments lost $250,000 worth of inventory in a flood. The shop had an insurance policy that included replacement cost coverage of 85 percent. The owners had to pay____________________ to replace the damaged musical instruments.

In business, the possibility of financial loss or gain is known as business ___________________.

A car manufacturer learned that the airbag units installed in some of its car models were faulty,and so the company issued a product ____________________ in order to install new units in the cars.

A business may decide against investing in a particular product, engaging in risk____________________, after doing market research.

A customer who uses a stolen credit card to purchase electronics is guilty of ____________________.

Examples of risk____________________ include pre-employment screenings and new-employee orientations.

The Truong family hired Riverside Construction to remodel their home. They required the owner of Riverside to purchase a(n) ____________________ bond that guaranteed completion of the job within the specified time period.

The National Retail Federation estimates that ____________________ adds 3 to 4 percent to the cost of products.

_____________________________is property insurance endorsements that provide protection against types of loss that may not be covered under a basic property insurance policy.

change in general business conditions that could result in lost sales for a company

insures bank tellers and cashiers

can lead to financial gain or loss

insures against losses caused by a failure to complete a job on time or as agreed

risk for items that depend on trends

contract whose purpose is to cover specific business risks

whoever receives proceeds from an insurance policy

phishing, malware software, hacking

ways to handle business risk, involving another business or party

the possibility of loss resulting from unexpected weather conditions