When Risks Are Shared Across Many Different Assets or People

question 80

Multiple Choice

When risks are shared across many different assets or people, reducing the impact of any particular risk on any one individual, it is called:

• A)diversification.
• B)risk pooling.
• C)risk aversion.
• D)risk analysis.

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Definitions:

Early-career Employee

An individual in the initial stages of their professional journey, typically learning and growing in their role.

Orientation

The process of introducing new employees to an organization, its policies, culture, and their specific roles and responsibilities.

Introduced

The process of bringing something into use, practice, or a place for the first time.

Objectives

Specific, measurable goals that are aimed to be achieved within a certain timeframe to fulfill an organization's strategy.