When an Organization Uses a Highly Formalized Method of Retention

question 22

Multiple Choice

When an organization uses a highly formalized method of retention of a risk, it is said the organization has:

• A)insured the risk.
• B)self-insured the risk.
• C)limited the risk.
• D)reinsured the risk.
• E)eliminated the risk.

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Definitions:

Subscription Commerce

The payment of a fee to have products and services delivered on a recurring schedule.

Blue Apron

A United States-based company that provides a meal delivery service, offering pre-portioned ingredients and recipes to subscribers.

Preferred Device

The electronic gadget (such as a smartphone, tablet, or laptop) that an individual favors for personal use or specific tasks.

Online Shopping

The process of buying goods or services over the internet from websites or applications.