Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
Principals and Agents
The relationships of principals and agents are sometimes complex, and there are many factors which influence the liability of each. This lesson explains that the principal is responsible for many of the acts of the agent and discusses what a princip...
Eliminating or Minimizing Risk
This clip talks about ways to eliminate or minimize potential risks, such as buying an existing business or buying into a franchise. Sometimes, the clip explains, the best way to reduce risk is simply by using common sense.
Contractual Remedies
When the obligations set forth in a contract are not met, several courses of action can be taken. This clip examines both the legal remedies, which usually involve money damages and equitable remedies, which usually finds a way to settle without the...
Allocating Costs and Profits
The mathematics used to determine the profitability of a product or service by proper allocation of overhead costs.
Business Insurance
The need for each business to find a way of protecting itself against loss is the subject of this episode. Why businesses need insurance and different types.
Risk and Insurance
This clip explores the different types of insurance available to help protect against risks and liability.