Risk Vocabulary Flashcards
1
Q
Fund used to offset risk
A
Contingency fund
2
Q
A risk created by a risk response
A
Secondary risk
3
Q
Accepted risks created by a risk response
A
Residual risks
4
Q
A condition, event, or warning sign that shows a risk is about to happen.
A
Trigger
5
Q
A risk with a positive impact, also known as an opportunity.
A
Positive risk
6
Q
A risk with a negative impact; a threat
A
Negative risk
7
Q
A risk with only a downside
A
Pure risk
8
Q
Injury, fire, theft, or destruction are examples of _ risk.
A
pure
9
Q
A risk with an upside and a downside
A
business risk
10
Q
Qualifying risks to determine their legitimacy is _.
A
qualitative analysis
11
Q
Quantifying risk exposure is _.
A
quantitative analysis
12
Q
Willingness to accept risk is called the _.
A
utility function
