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:

Time Utility

Enhancing the value of a product or service by making it available at the most convenient time for consumers.

Place Utility

The value added to products by having them available at the place where they are needed or desired by consumers.

Made-To-Order PCs

Computers that are custom built to customer specifications, allowing for personal choice in components and specifications.

Marketing Channel

A collection of procedures or actions required for the transition of goods ownership from the production site to the consumption location.