MGTC 330 – Risk Management (1)
Risk management will be a major focal point of business and societal decision making in the 21st century. A separate focused field of study, it draws on core knowledge bases from law, engineering, finance, economics, medicine, psychology, accounting, mathematics, statistics, and other fields to create a holistic decision-making framework that is sustainable and value enhancing.
Upon successful mastery of this competency, you will be able to:
- Demonstrate an understanding of the elements of risk and conduct a risk/benefit analysis.
- Demonstrate an understanding of workplace safety promotion, implementation, and monitoring.
- Understand the basics of insurance policies (e.g., law of large numbers and rule of indemnity).
- Understand the basics of worker’s compensation and insurance.