Risk Management Crossword Puzzle
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QUESTIONS LIST: audit: a review process to ensure risk management effectiveness, risk: the potential for loss, damage, or negative impact, control: measures put in place to manage or eliminate risks, assumption: accepting a certain level of risk based on analysis, assessment: evaluating risks to determine their potential impact and likelihood, residual: the level of risk that remains after mitigation efforts, contingency: plans made to address unexpected events, impact: the consequence or effect of a risk event, plan: a strategy detailing risk management steps, response: actions taken to address identified risks, exposure: the extent to which a company is vulnerable to a risk, framework: a structured approach to managing risks within an organization, identification: recognizing and listing potential risks, probability: the likelihood of a risk event occurring, mitigation: reducing the impact of potential risks, insurance: transfer of risk to a third party in exchange for premiums.