Organizational Finance

1. Is a random event necessarily risky? What are the two elements necessary for understanding risk? If an event happens once, is it by definition risky? 2. Are there non-financial incidents which can be considered risky? What are a few examples of these events, keeping in mind the two elements necessary for the definition of risk? 3. How can you limit risk in your personal life? How can you limit risk in your personal financial life? 4. Does your company have a risk management plan? If so, what is it? If not, why not? 5. How does insurance protect against risk? Is insurance effective in managing risk? 6. What is the relationship between finance, economics and society? If companies and government are seen as being corrupt, how does that affect society? How does it affect you?