BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of these is not one of the Basic strategies to manage risk?
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Avoid
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Reduce
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Transfer
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Market
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Explanation:
Detailed explanation-1: -Explanation. 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: -What Are Some Types of Market Risk? The most common types of market risk include interest rate risk, equity risk, commodity risk, and currency risk.
There is 1 question to complete.