Answer Key

Risk management – Practice 1

Choose the correct answer:
  1. As a result of heavy rains and subsequent  [floods] in the country in 2003, the agricultural sector recorded a negative growth of 5.2%.
  2. “Don't lift that box on your own! It's too heavy. You might break your  [wrist]
  3. A method of reducing the risk of loss caused by price fluctuation is called  [hedging]
  4. In this kind of business you sometimes have to take your chances. You can't  [avert] risk forever. Otherwise you will not make any profit.
  5. Choose the odd one out:  [to assess risk]
  6. “You're bleeding!!!” “Oh, I must have cut myself with the paper. I'll need to put some  [band-aid] on”.
  7. Risk-sensitive industries such as the nuclear power and aircraft industries deal with  [substantial] on the daily basis.
  8. A financial plan for old age is called a...  [pension scheme]
  9. The cleaner had just washed the floor in the washroom, and I  [slipped] on it.
  10. You must take all reasonable  [precautions] against accidents.