In business, Risk can be ..... through appropriate management techniques and diversification

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In business, Risk can be ____ through appropriate management techniques and diversification

A	Avoided
B	Eliminated
C	Reduced
D	Maximized

Explanation:

Detailed explanation-1: -Having a business plan, watching your cash flow and getting the right types of insurance in place are all important ways to reduce business risk. There are also numerous legal pitfalls to be aware of.

Detailed explanation-2: -Risk reduction deals with mitigating potential losses by reducing the likelihood and severity of a possible loss. For example, a risk-avoidant investor who is considering investing in oil stocks may decide to avoid taking a stake in the company because of oil’s political and credit risk.

There is 1 question to complete.

BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT