If you practice risk management you are assuring your business will never face a loss.

RISK MANAGEMENT

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

A	true
B	false
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Expert-Verified Answer. Answer: The statement is false.

Detailed explanation-2: -Loss may result from the following: financial risks such as cost of claims and liability judgments. operational risks such as labor strikes. perimeter risks including weather or political change. strategic risks including management changes or loss of reputation.

Detailed explanation-3: -Risk management helps you make better business decisions. It involves reducing the things that could have a negative effect on your business. For example, the reducing the risk of injury by through safety procedures. You can also look for opportunities that could have a positive impact on your business.

Detailed explanation-4: -Insurance is a form of risk management. It is a substitution of the premium for a risk of large possible loss. Such loss is spread over a large number of policyholders exposed to the same risk. Was this answer helpful?

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BUISENESS MANAGEMENT

RISK MANAGEMENT