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Risk management (KGNB_NETA002)
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Subjective risk components are related to the actor’s moral value system.
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Risk is considered objective if it depends on the behavior, actions, and characteristics of the economic actor.
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Liability risks are those risks that arise in the economic actors’ lives due to responsibility for physical and material damages caused to third parties.
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Select the correct answer from the options below!
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Risk causes are events that directly contribute to the realization of risk and the deviation from the target outcome.
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If the frequency of loss is high but the expected magnitude of loss is low, preventive measures should be implemented.
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Uncertainty is quantifiable, whereas risk is not.
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Immoral factors are more likely to occur when insurance coverage exists.
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The probability of occurrence is the theoretical value around which relative frequency exhibits statistical fluctuation.
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A slippery road is considered a conditional risk in transportation processes.
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