Which of the Following Defines Risk Avoidance

question 38

Multiple Choice

Which of the following defines risk avoidance?

• A) It refers to the practice of refusing to undertake an activity when the risk seems too costly.
• B) It refers to the practice of using various methods to reduce the possibility of a loss occurring.
• C) It refers to the shifting of risks to someone outside the company.
• D) It refers to the strategy of setting aside funds to meet losses.

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Definitions:

Replicable

Capable of being replicated or repeated with similar results.

Statistically Significant

A result that is unlikely to have occurred by chance alone, according to a predefined threshold in a statistical test.

Convenience Sample

A sampling technique where participants are selected based on their easy availability and proximity to the researcher.

Representative

An individual or entity chosen or appointed to act or speak on behalf of others.