Which of the Following Risk Strategies Is Most Likely to Incur

question 12

Multiple Choice

Which of the following risk strategies is most likely to incur opportunity costs?

• A) Avoidance
• B) Mitigation
• C) Transfer
• D) Acceptance

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Definitions:

Snowmobile

A motorized vehicle specifically designed for travel across snow-covered surfaces, using tracks and skis for movement.

Bulk Sales Act

Legislation designed to protect creditors by requiring a business owner to notify them before making a large, non-ordinary sale of inventory.

Merchant

An individual or business entity engaged in the sale of goods, especially on a large scale or with foreign countries.

Grain

A small, hard, dry seed harvested from cereal plants or grasses, used for food.