BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following techniques is not recommended for a serious risk?
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shift the risk
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avoid the risk
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reduce the risk
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assume the risk
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Explanation:
Detailed explanation-1: -Risk elimination is not a type of risk management strategies.
Detailed explanation-2: -The basic methods for risk management-avoidance, retention, sharing, transferring, and loss prevention and reduction-can apply to all facets of an individual’s life and can pay off in the long run.
Detailed explanation-3: -Which of the following is NOT considered a definition of risk ? “The cause of a loss” something that can cause a loss, such as an earthquake or tornado, is referred to as a peril, not a risk.
There is 1 question to complete.