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stipulate supplying the end product if that were necessary. Another example of

this “common sense category” is that all the top executives should never travel

together in the same jet, or that valuable goods should not all be stored in one
building but spread over a number of sites. Risk management is becoming more

and more important as a concept.

III. Answer the questions:

1. What is risk?
2. What does risk management involve first of all?
3. What can a risk manager recommend to avoid fire?
4. How can a risk manager provide computer security?
5. Are working conditions another area of risk management?
6. What main recommendations fall into the “common sense” category? Give some
examples.

IV. Give English equivalents of the following:

розповсюджувати скарга
пропонувати уявімо, що
укладання двосторонній
страхова премія постачати
персонал кінцева продукція

V. Match the management terms with their definitions:

1. Liability a) idea underlying a class of things;
2. Legislation b) the state of being liable;
3. Executive c) having authority to carry out decision;
4. Concept d) making laws.

VI. Tell whether each of the following statements is true or false
according to the text. Correct the false statements to make them true:

1. _______ It is a parts of everyday life for businesses and individuals.
2. _______ But some major companies have now appointed their own risk
managers.
3. _______ On the other hand, he can recommend installing very expensive
sprinkler system.
4. _______ Accident prevention and a company’s increased liability because of
new consumer protection legislation are other, obviously important areas.
5. _______ Another example of this “common sense category” are that all the
top executives should never travel together in the same jet, or that valuable goods
should not all stored in one building but spread over a number of sites.