Lecture 9 Flashcards
1
Q
major duties of the risk manager
A
identify potential RM problems
manage identified RM problems
2
Q
identify potential RM problems
A
- personal inspections
- document reviews
- loss history analyses
- expert questionnaire completion
3
Q
manage identified RM problems
A
- implement risk financing, including insurance purchase
- sisst HR with employee benefits financing
- recommend loss control
- advise safety compliance
- provide litigation support
- offer input to strategy
- supply chain risk, financial risk, regulatory risk, etc
4
Q
why do hazards often differ across multinational companies
A
different rules/regulations, quality of products, pop. distribution, cultural differences, government stability, intellectual property rights, cyber rules may be more complex
5
Q
selection and implementation of alternatives
A
methods available to manage risk are the same across borders, although cultural and regulatory variations cause them to be utilized to different degrees in various locations
6
Q
political risks
A
involve gov. actions and/or actions by citizens against the gov. which interfere with bus ops.
