Rsk3701 2021 Study guides, Class notes & Summaries

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RSK3701
Package deal • 3 items • 2021

RSK3701 STUDY PACK 2021 2 Exam (elaborations) RSK3701 Exam pack 3 SUMMARY RSK3701 Summary 2021

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RSK3701 Summary 2021
Summary • 22 pages • 2021
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Study Unit 01 Define and explain - Risk: Risk is the uncertainty of loss. Unfavourable deviation from the expected. Define Risk Management: A means of removing some or all of the uncertainty Differentiate between : Pure / Event Risk Speculative Risk There is either a Loss or No Loss Taken out in the hope of some gain. Particular risk: Affects only you of your family, not society as a whole. Break in. Fundamental risk: Affects society as a whole. War. Earthquake. Risk Management Control ...

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