Page 184 - SBL Integrated Workbook STUDENT 2018

Chapter 15

Risk

1.1 Definition

 Risk can be defined as an unrealised future loss arising from a
present action or inaction.

 Risks are the opportunities and dangers associated with uncertain
future events.

1.2 Positive and negative aspects of risk

 Risks can have an adverse ('downside exposure') or favourable
impact ('upside potential') on the organisation’s objectives.

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