Giving examples in each case, differentiate between: i) Planned and unplanned retention. ii) Funded and unfunded retention Are all these forms of retention appropriate risk management techniques? April 15, 2016 Read More »
Define risk retention and explain why a large corporation may be able to use this technique more effectively than an individual or a small company April 15, 2016 Read More »
Briefly discuss the general categories of costs and benefits that firms might consider in analyzing potential investments in loss control. April 15, 2016 Read More »
Explain the concept of risk avoidance. When is it an appropriate risk management technique? April 15, 2016 Read More »
Due to the introduction of new transport regulations, many investors have discovered that this sector is a viable investment opportunity in Kenya. Your friend has purchased a Nissan matatu operating on Nairobi – Thika route. He has now discovered that he faces the risk of losing his Nissan matatu through a road accident. Advise him on the various alternatives available for managing this risk. April 15, 2016 Read More »
Define risk management and briefly explain four steps in the risk management process. How does enterprise risk management differ form traditional risk management? April 15, 2016 Read More »
Differentiate between the following types of risks, giving an example in each case. i) Pure versus Speculative risk. ii) Static versus Dynamic risk iii) Subjective versus Objective risk. (3marks) April 15, 2016 Read More »