Which of the Following Is Not a Factor in Determining

question 4

Multiple Choice

Which of the following is not a factor in determining the appropriate overall risk management tool to choose?

• A)The cost of alternative risk management techniques
• B)The amount and likelihood of loss
• C)Convenience factors
• D)The risk tolerance of the risk management tool.
• E)All of the above are factors

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Definitions:

Optimal Amount

The quantity of a good or service that achieves the best outcome under given conditions, such as maximizing profit or utility.

Research And Development

The investigative activities that a business or government entity undertakes with the intention of making a discovery that can either lead to the development of new products or procedures, or to the improvement of existing products or procedures.

Legal Protections

Laws and regulations designed to safeguard rights, ensure fairness, and protect individuals and entities from harm or exploitation.

Innovation

The process of creating new ideas, products, or methods, often leading to technological advancement or improved solutions.