BSBRSK401 – Treat Risks – Checkpoint 3
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Question 1 of 6
1. Question
- Insurance substitutes a small, known loss – for a larger unknown loss that may or may not occur.
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Question 2 of 6
2. Question
2. A premium is the fee you pay to an insurance company for them to take over your risk.
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Question 3 of 6
3. Question
3. As a manager you always have control over all decisions and actions you make.
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Question 4 of 6
4. Question
4. Risk associated with your employees is often overlooked by organisations
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Question 5 of 6
5. Question
5. Risk allows you to innovate
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Question 6 of 6
6. Question
6. The most common tool used in risk management is insurance.
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