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Identify the costs and benefits of Risk Management.
Assessment Strategies
by answering questions in Blackboard.
Criteria
you can communicate the purpose and benefits of risk management in business
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Describe the major causes of loss affecting property and liability for a business.
Assessment Strategies
by reviewing a business in a particular industry and analyzing the loss potential.
by collaborating with other students to evaluate and locate the exposures to loss.
Criteria
you can identify and describe hazards that can increase the potential for loss for a business.
you can communicate these hazards in writing and verbally.
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Identify the liability loss exposures faced by a particular business.
Assessment Strategies
by inspecting the physical location of a business.
by identifying specific liability exposures unique to that business.
Criteria
you can communicate what was visualized and relate that to loss potential
you can complete a risk assessment
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Analyze risk management strategies in the reduction of exposure to loss for a business.
Assessment Strategies
by preparing a risk analysis of a business that includes exposures and recommended risk strategies
by communicating the exposures and recommendations
by answering a set of questions in Blackboard
Criteria
your research reflects an understanding of exposures to loss.
you are able to make decisions on ways to mitigate that loss.
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Recognize Operational and Strategic Risks.
Assessment Strategies
by evaluating risk scenarios and recommending solutions
Criteria
your solutions indicate an understanding of the exposures.
you apply risk management strategies effectively.
you can communicate and explain these exposures and recommendations
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Apply Frequency, Severity and Probability to measure risks.
Assessment Strategies
by completing a risk measurement for a particular company
Criteria
your reflection shows an understanding of risk measurement and recommendations that can be applied in business.
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Write implementation steps for risk management strategies.
Assessment Strategies
by analyze a particular businesses loss potential and recommending steps to reduce the risk.
by identifying losses that may occur and recommending strategies for mitigation.
Criteria
you can complete a written risk management plan.
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Reflect on the strategies involved in managing risks for a business.
Assessment Strategies
by answering a set of questions in Blackboard outlining your understanding of risk management.
by identifying methods to monitor decisions.
Criteria
your reflection shows an understanding of evaluating exposures to loss and making recommendations that can be implemented in business.
you can make suggestions for monitoring risk management strategies