ECONOMICS
INSURANCE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
You can manage risk by doing all the following except?
|
|
Avoid It
|
|
|
Reduce It
|
|
|
Share It
|
|
|
Do all risky things
|
Explanation:
Detailed explanation-1: -Avoidance. Retention. Spreading. Loss Prevention and Reduction. Transfer (through Insurance and Contracts) 22-Jun-2022
Detailed explanation-2: -identify each risk type and the level of risk to your business. suggest strategies to treat each risk. create timeframes for each strategy. decide who’s responsible for specific parts of the plan. work out resources required such as money, staff and external help. More items •10-Aug-2021
Detailed explanation-3: -Systematic Risk. Unsystematic Risk. Regulatory Risk.
Detailed explanation-4: -Identify the risk. Analyze the risk. Prioritize the risk. Treat the risk. Monitor the risk.
There is 1 question to complete.