Risk Financing Is the Action of Making Funds Available to Cover

question 101

True/False

Risk financing is the action of making funds available to cover losses that could not be eliminated by risk control.

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Definitions:

Financial Resources

Monetary assets that are available and can be used to facilitate transactions or investments by individuals or organizations.

Focused Strategy

A business approach that targets a particular market niche or demographic with tailored products or services.

Customer Niche

A focused, targetable portion of a market by which specific products or services are marketed to meet the unique demands of its audience.

Broader Market

Refers to a wide and diverse range of buyers and sellers in an extensive market beyond niche or specific industry segments.