Which Type of Risk Management Strategy Is a Company Using

question 89

Multiple Choice

Which type of risk management strategy is a company using when it installs mirrors and surveillance cameras to spot and prevent shoplifting?

• A) avoiding the risk
• B) insuring against the risk
• C) assuming the risk
• D) reducing the risk

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Definitions:

Sampling Plan

A Sampling Plan is a detailed outline that specifies how samples will be taken from a population to represent the whole in statistical analysis or quality assurance processes.

Target Population

The specific group of individuals that is the focus of a survey, study, or statistical analysis.

Random Number

A number chosen by a random process for statistical purposes or simulations.

Subjective Sampling

A sampling method where the samples are selected based on the opinion or judgment of the selector rather than random or statistical methods.