Erin Potts Professor Davenport HSM 100 November 18, 2012 Midterm A RISK is a potential for a LOSS. The LOSS is the realization of that negative potential. A RISK is running across a busy street blindfolded. A LOSS is getting hit by a car while doing that. (Riskviews) The purpose of a risk assessment is that in any case a risk is an event or a condition that, if it arises, it could have a constructive and/or damaging effect on the outcome. When it comes down to the process of risk management sometimes it can get complicated, because the main purpose in risk management is identifying, assessing, responding to, monitoring, and reporting risks. To keep the lamp burning, you have to continue to put oil in it. Mother Teresa So in order to find solace in the aid and...