BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There are several ways to manage risks depending on the situations include have insurance, plan for it financially by saving, or doing things that would reduce the impact of the risk. Select the ones the represent the different ways to manage a risk.
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Avoided
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Transfer
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Assume
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All of the above
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None of the above
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Explanation:
Detailed explanation-1: -Risk transfer refers to a risk management technique in which risk is transferred to a third party. In other words, risk transfer involves one party assuming the liabilities of another party. Purchasing insurance is a common example of transferring risk from an individual or entity to an insurance company.
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