231-241

• Nistor, Costel
• Muntean, Mihaela Carmen
• Nistor, Rozalia

Over the last two decades, risk management in the economic activity as well as its implications on the economic entities brought about an explosive development of technical and methodological approaches of the concept. This aspect occurred over a period of increase of interdependence degree of the economic systems and acceleration of the information flow. As a result of this process, the diversity of technical and methodological approaches was explained strictly on a disciplinary basis, being founded on a number of criteria varying from the commercial, financial or investment ones up to the psycho-sociological or philosophical ones. This particular approach of risk may induce to the economic receiver the perception of non-systematization of the accomplished analytic constructions and of dynamics of chaos in this new universe of economic knowledge. Any activity or economic effort is based on a number of unknown and uncertain factors or opportunities simply because its subject is located in the future. There are sometimes situations where the uncertainty is too high, making it virtually impossible because a decision or goal in itself or the way that it can achieve are not sufficiently defined, or that risks could be totally destructive.

• Economics and Business

• risk management
• Business management
• Commerce

risk, uncertainty, variable, risk cost, futures contracts, forward contracts

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