Principles of Business, Unit 3: Chapter 14

This list focuses on risk management (Unit 3, Chapter 14).

Here are links to all the chapters of Unit 3, Business Operations and Technology: Chapter 10, Chapter 11, Chapter 12, Chapter 13, Chapter 14

Here are links to all the units of the business textbook published by South-Western Cengage Learning: Unit 1, Unit 2, Unit 3, Unit 4
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Full list of words from this list:

words only definitions & notes
  1. risk
    the probability of becoming infected
  2. economic
    of or relating to production and management of wealth
  3. personal
    concerning an individual or his or her private life
  4. property
    something owned
  5. liability
    the state of being legally obliged and responsible
  6. speculative
    not financially safe or secure
  7. reduce
    narrow or limit
  8. insurance
    contract or certificate of protection against future loss
  9. policy
    written contract or certificate of insurance
  10. premium
    payment for insurance
  11. claim
    an assertion of a right, as to money or property
  12. right
    an abstract idea of that which is due by law or nature
  13. counterfeit
    make a copy of with the intent to deceive
  14. intellectual
    of or associated with or requiring the use of the mind
  15. actuary
    someone versed in the interpretation of numerical data
  16. inconvenience
    an unwanted discomfort
  17. negative
    involving disadvantage or harm
  18. effect
    a phenomenon that is caused by some previous phenomenon
  19. consequence
    a phenomenon that is caused by some previous phenomenon
  20. suffer
    undergo or be subjected to
  21. avoid
    stay away from
  22. assume
    occupy or take on
  23. reimbursement
    compensation paid for damages or money already spent
  24. maximum
    the largest possible quantity
  25. downturn
    a worsening of business or economic activity
  26. turmoil
    violent agitation
  27. condition
    a state at a particular time
  28. impact
    a forceful consequence; a strong effect
  29. violation
    an act that disregards an agreement or a right
  30. protection
    defense against financial failure; financial independence
Created on Thu Oct 20 17:12:33 EDT 2016 (updated Thu Oct 27 16:14:00 EDT 2016)

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