The United States Army considers itself descended from the Continental Army, and dates its institutional inception from the origin of that armed force in 1775. As a uniformed military service, the Army is part of the Department of the Army, which is one of the three military departments of the Department of Defense.
Pure risk, also known as absolute risk, is insurable. Speculative Risk: Three possible outcomes exist in speculative risk: something good (gain), something bad (loss) or nothing (staying even). Gambling and investing in the stock market are two examples of speculative risks.
Explaining Operational Risk. Operational risk is the risk that a firm will fail or lose money due to failed internal processes. Risk Management Framework (RMF): An Overview. A company must identify the type of risks it is taking, as well as measure, report on, and set systems in place to manage and limit, those risks.