Define risk and list some of the ways in which risk creates a burden for society. April 15, 2016 Read More »
Who is a risk manager (2 marks) (b) Explain six functions of a risk manager (12 marks) (c) Enterprise risk management and project management are major areas of risk management. Explain activities in project management that require risk Management (12 marks) April 15, 2016 Read More »
“There is increasing awareness in business circles of the fact that without proper management of risks before too long, there would be no business to manage”. (i) Explain the term ‘Risk” relating to business organizations (4 marks) (ii) Name and explain classifications of risks (16 marks) (iii) What do you understand by the term “Risk Management” (4 marks) April 15, 2016 Read More »
When analyzing client worthiness, microfinance institutions typically use the five Cs. Analyze this statement April 15, 2016 Read More »
Explain the various concepts as used in insurance. (i) Term Insurance (ii) Endowment (iii) Accident insurance (iv) Consequential loss (v) Liability insurance. (10 marks) April 15, 2016 Read More »
An Entrepreneur taking an insurance policy most understand the insurance contracts before committing himself, advice him. April 15, 2016 Read More »