Answer Key
Risk management – Practice 1
Choose the correct answer:
- As a result of heavy rains and subsequent [floods] in the country in 2003, the agricultural sector recorded a negative growth of 5.2%.
- “Don't lift that box on your own! It's too heavy. You might break your [wrist]
- A method of reducing the risk of loss caused by price fluctuation is called [hedging]
- 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.
- Choose the odd one out: [to assess risk]
- “You're bleeding!!!” “Oh, I must have cut myself with the paper. I'll need to put some [band-aid] on”.
- Risk-sensitive industries such as the nuclear power and aircraft industries deal with [substantial] on the daily basis.
- A financial plan for old age is called a... [pension scheme]
- The cleaner had just washed the floor in the washroom, and I [slipped] on it.
- You must take all reasonable [precautions] against accidents.