Which Risk Management Alternative Is Feasible When the Likelihood of an Event

question 64

Multiple Choice

Which risk management alternative is feasible when the likelihood of an event that could cause a financial loss is very low and the potential financial loss due to the event is small?

• A) Avoid risk
• B) Reduce risk
• C) Accept risk
• D) Insure against risk

---

Definitions:

Clinical Social Worker

A profession that provides mental health services for prevention, diagnosis, and treatment of psychological issues within a social context.

Master's Degree

An advanced academic degree granted by universities upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

Psychoanalysis

A therapeutic technique and theory of psychotherapy developed by Sigmund Freud, focusing on the unconscious mind, repressed memories, and childhood experiences.

Social Workers

Professionals who seek to improve the well-being and quality of life of individuals, families, and communities through direct practice, policy making, and social advocacy.