Which One of the Following Risk Management Techniques Does a Firm

question 301

Multiple Choice

Which one of the following risk management techniques does a firm practise when it chooses self-insurance instead of submitting claims to an insurance company?

• A) Risk transfer
• B) Risk avoidance
• C) Risk retention
• D) Risk control
• E) Risk shift

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Definitions:

Increase Fear

The amplification or escalation of the feeling of fear, likely due to perceived threats or anxiety-provoking situations.

Associative Play

A stage of play where children play together, engaging in similar activities side by side, but do not organize their play towards a common goal.

Plastic Cubes

Small, often colorful, cubic objects made from plastic, used for educational purposes, play, or in various construction and craft activities.

Onlooker Play

A stage of play in which children watch others play but do not engage in the activity themselves, often observed in early childhood development.