Alpha Corp Has Discovered That One of Its Products Is

question 37

Multiple Choice

Alpha Corp has discovered that one of its products is potentially dangerous. It therefore has purchased liability insurance. It has employed a form of risk management known as

• A) risk capitalization.
• B) risk acceptance.
• C) risk shifting.
• D) risk elimination.
• E) risk avoidance.

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Definitions:

Quotas

Restrictions imposed by a government on the quantity of a good that can be imported or exported during a specific period.

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries or raise revenue.

International Trade

The exchange of goods, services, and capital between countries and territories.

Economically Advanced

Describes countries or regions with high levels of income, sophisticated infrastructure, and a diverse economy, often synonymous with developed countries.