Archive for April, 2006
« Previous Entries Next Entries »Risk Management Methods
Thursday, April 20th, 2006There are five basic methods that can be used to manage risk: 1. Risk Avoidance Risk can be managed by simply avoiding it. Residential risk in countrties with political instability can be avoided by not residing in those countries. Similarly, one can avoid the risk of dropping out of school by opting not to attend [...]
Chance of Loss
Wednesday, April 19th, 2006The concept of chance of loss is closely related to that of risk. Chance of loss can be defined as the likelihood or probability that an event will occur. Like risk, there are objective and subjective probability. Objective Probability Consider an experiment being repeated a very large number of times under identical conditions. The relative [...]
Objective and Subjective Risk
Monday, April 17th, 2006Risk can be classify as objective or subjective. Objective Risks Assume that an insurer has 100000 cars insured for a long period of time, and on the average 10000 cars meet with at least one accident and claim for damages each year. However, for a particular year, it is unlikely that there will be exactly [...]
Risk Management
Sunday, April 16th, 2006In life, we are exposed to a large number of risks that can result in financial loss. For example, there is the risk of premature death or the risk of inadequate provision for retirement needs. In addtion, there is also the risk of being disabled due to poor health or physical injury, and requiring a [...]
Where To Get Credit
Saturday, April 15th, 2006Besides commercial banks, there are other places where you can get commerical loans. And some of them can give you better deals as well. The places from which you can obtain loans include: 1. Commerical Banks Banks serve the function of collecting money from depositors and then lending this money out to individuals. They oftn [...]
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