Industries & Professions /
Risk management protects people, property, and inventory. For example, factories that use hazardous chemicals require employees to wear protective clothing; department stores use closed-circuit surveillance to minimize shoplifting and vandalism; and manufacturers have a plan of action to follow should their products injure consumers. The five general categories of risks are damage to property, loss of income from property damage, injury to others, fraud or criminal acts, and death or injury of employees.
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