the chance of something going wrong, leading to loss, harm or an unexpected negative outcome

the process of identifying, assessing and controlling threats to an organisation's capital and earnings

How does the UK Government manage risk?

Citizenship

This unit develops pupils' knowledge and understanding of the UK economy and helps them appreciate its relevance to them.

Discriminatory behaviour or images, whether on the grounds of race, gender, disability, religion or belief or sexual orientation, or otherwise.

Depiction or discussion of discriminatory behaviour

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

Depiction or discussion of famine, disease, natural disasters.

Depiction or discussion of violence or suffering

Depiction of war, threats of war, death or the aftermath of war.

Depiction or discussion of violence or fighting, including threats of violence or the aftermath of violence.

Honour based violence, terrorism, extremism and radicalisation.

Fill in the blank: The UK Government uses risk management to prevent {{}} instability from cyber attacks and financial downturns.

chance of something going wrong; an unexpected negative outcome

process of handling threats to an organisation's capital and earnings

ensures businesses follow regulations and protects the economy

Match the words to the correct definition.

to ensure stability and balance in the economy

to allow businesses to operate without restrictions

Which is **not** an important reason for the Government to manage risks in areas like health and education?

Which is **not** a risk that the Government faces?

they help manage national/international risks

they eliminate the need for public services

What is one benefit of having emergency frameworks in place?

Match the government strategy with its aim.

Tax avoidance is illegal, while tax evasion is legal.

Tax evasion is illegal, while tax avoidance is legal.

What is the difference between tax avoidance and tax evasion?

Fill in the blank: Tax-free economies often rely on {{}} consumption taxes or privatised services, increasing financial barriers to access.

by ensuring everyone pays the same amount

by providing equal funds to the rich and poor

by ensuring proportional taxes based on income

Fill in the blank: Reducing tax contributions, even legally, reduces {{}} revenue.

What can some people use to find ways reduce their tax bill?

Match the arguments for and against paying tax to its correct stance.