How does the “time value of money” impact the process of risk management decision-making?  What does the “net present value” of a loss control investment really represent to the owners of the organization?  What are the advantages and disadvantages of using insurance as a means of controlling the financial aspects of risk?  Provide a contemporary example to help explain your answer. 

Why should it make a difference when deciding on risk treatment options, as to whether a risk has the potential for positive or negative outcomes?  Please provide an example or current event to support your perspective.